On Oct. 16, 2006, Standard&Poor's Ratings Services assigned its 'BB-' rating to Sanmina-SCI Corp.'s $600 million senior unsecured term loan, which matures Jan. 31, 2008. In addition, this rating was placed on CreditWatch with negative implications. At the same time, the corporate credit and other existing ratings on Sanmina-SCI remain on CreditWatch with negative implications where they were placed on Aug. 14, 2006, following the company's announcement that it was unable to file financial statements for the June 2006 quarter due to an internal investigation of stock option granting practices. Ratings remain on CreditWatch despite the receipt of various consents from most of the company's bondholders and other creditors, extending cure periods or granting waivers for filing financial
