In our assessment, SK Hynix Inc. would be highly likely to receive extraordinary support from parent SK Telecom Co. Ltd. if it were to suffer financial distress. To reflect this assessment, we have raised our long-term corporate credit rating on Hynix to 'BB' from 'BB-'. We have affirmed our 'bb-' standalone credit profile for SK Hynix, reflecting the company's "weak" business risk profile and "significant" financial risk profile. The stable outlook reflects our expectation that Hynix's solid position in the memory semiconductor market will enable it to maintain its operating performance and financial ratios in the next one to two years. On Feb. 22, 2013, Standard&Poor's Ratings Services raised its long-term corporate credit rating on SK Hynix Inc.
