U.S. electronic manufacturing services (EMS) provider Sanmina Corp. recently reported fiscal 2013 results. We are raising our corporate credit rating on Sanmina to 'BB-' from 'B+', and our senior unsecured debt rating to 'B+' from 'B'. The stable outlook reflects our expectation that Sanmina will stabilize revenues in fiscal 2014, and will maintain consistent profitability and positive discretionary cash flow. On Oct. 29, 2013, Standard&Poor's Ratings Services raised its corporate credit rating on San Jose, Calif.-based Sanmina Corp. to 'BB-' from 'B+'. The outlook is stable. We also raised the senior unsecured debt rating to 'B+' from 'B'. The recovery rating on the company's senior unsecured notes remains unchanged at '5', indicating a modest (10% to 30%) expectation
