Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative

Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative
Published Mar 31, 2020
5 pages (1953 words) — Published Mar 31, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

As a result of disruptions in Cohu Inc.'s supply chain and manufacturing operations due to the COVID-19 pandemic, we expect the company will see a decline in earnings and cash flows, as well as a risk of liquidity weakness, if current market conditions persist. We are lowering our issuer credit rating on the company to 'B-' from 'B'. We are also lowering our issue-level rating on the company's secured term loan to 'B-' from 'B'; the recovery rating remains '3'. The negative outlook reflects our view that Cohu's operating performance and liquidity position will be challenged by the uncertain duration and severity of the supply chain and manufacturing disruptions this year. The negative outlook reflects our view that Cohu's operating

  
Brief Excerpt:

...- As a result of disruptions in Cohu Inc.'s supply chain and manufacturing operations due to the COVID-19 pandemic, we expect the company will see a decline in earnings and cash flows, as well as a risk of liquidity weakness, if current market conditions persist. - We are lowering our issuer credit rating on the company to 'B-' from 'B'. - We are also lowering our issue-level rating on the company's secured term loan to 'B-' from 'B'; the recovery rating remains '3'. - The negative outlook reflects our view that Cohu's operating performance and liquidity position will be challenged by the uncertain duration and severity of the supply chain and manufacturing disruptions this year....

  
Report Type:

Research Update

Ticker
COHU
Issuer
Cohu, Inc.
GICS
Semiconductor Equipment (45301010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative" Mar 31, 2020. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cohu-Inc-Downgraded-To-B-On-Weaker-Credit-Metrics-And-Macroeconomic-Impact-From-COVID-19-Outlook-Negative-2404711>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Cohu Inc. Downgraded To 'B-' On Weaker Credit Metrics And Macroeconomic Impact From COVID-19; Outlook Negative Mar 31, 2020. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cohu-Inc-Downgraded-To-B-On-Weaker-Credit-Metrics-And-Macroeconomic-Impact-From-COVID-19-Outlook-Negative-2404711>
  
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