On June 6, 2007, Standard&Poor's Ratings Services assigned its 'B+' senior unsecured debt rating to San Jose, Calif.-based Sanmina-SCI Corp.'s (Sanmina) $600 million in floating-rate notes, $300 million of which mature in 2010 and $300 million of which mature in 2014. Proceeds will be used to refinance the company's $600 million term loan due January 2008. Sanmina's 'B+' corporate credit and 'B-' subordinated ratings are affirmed. The outlook is stable. The ratings reflect continued erosion of profit measures, diminished liquidity, and high leverage. These concerns are partly offset by the company's top-tier business position in low volume, complex electronic manufacturing services (EMS) end markets and stable operating performance in that division. Sanmina is a leading provider of EMS
