We have assigned a new management&governance (M&G) assessment of positive to Lam Research Corp. The assignment of the M&G assessment follows the January 7 publication of S&P Global Ratings' revised criteria for evaluating the credit risks presented by an entity's M&G framework. (See "Management And Governance Credit Factors For Corporate Entities," published Jan. 7, 2024). Our ratings on Lam Research Corp., including our 'A-' issuer credit rating, remain unchanged following the assignment of the new M&G assessment. S&P Global Ratings today assigned a new M&G modifier assessment of positive to Lam Research Corp. The action follows the revision to our criteria for evaluating the credit risks presented by an entity's management and governance framework. The terms management and
