Our view of global electronics manufacturing services (EMS) provider Sanmina Corp.'s business has improved relative to competitors in the EMS industry and relative to other rated hardware and semiconductor companies of similar scale, following good performance in calendar 2016. We are raising our corporate credit rating on the company to 'BB+' from 'BB'. We are also raising our rating on its secured notes to 'BBB-' from 'BB+'. The stable outlook reflects our view that the company's established market position will allow it to deliver consistent operating results and that it has adequate cushion within the rating to absorb an operating downturn. On March 14, 2017, S&P Global Ratings raised its corporate credit rating on San Jose, Calif.-based Sanmina Corp. to
