SK Hynix Upgraded To 'BBB-' From 'BB+' On Strengthening Operating Performance, Solid Financial Metrics; Outlook Stable

We expect Hynix to maintain strong operating profitability and cash flows with low debt leverage over the next one to two years, mainly due to favorable DRAM industry dynamics and the company's good position in the global DRAM market. We also believe Hynix's operating performance will be less volatile because of the consolidation in the DRAM industry and the company's competitiveness in its DRAM technology. We are raising our long-term corporate credit rating on Hynix to 'BBB-' from 'BB+'. The stable outlook reflects our expectation that the company will maintain its strong operating performance with stable financial metrics over the next one to two years mainly due to its good position in the global DRAM market. HONG KONG (S&P Global

...+ We expect Hynix to maintain strong operating profitability and cash flows with low debt leverage over the next one to two years, mainly due to favorable DRAM industry dynamics and the company's good position in the global DRAM market. + We also believe Hynix's operating performance will be less volatile because of the consolidation in the DRAM industry and the company's competitiveness in its DRAM technology. + We are raising our long-term corporate credit rating on Hynix to '###-' from '##+'. + The stable outlook reflects our expectation that the company will maintain its strong operating performance with stable financial metrics over the next one to two years mainly due to its good position in the global DRAM market. HONG KONG (S&P Global Ratings) Jan. 20, 2017--S&P Global Ratings today said it has raised its long-term corporate credit rating on Korea-based memory semiconductor manufacturer SK Hynix Inc. (Hynix) to '###-' from '##+'. The outlook is stable. The rating upgrade reflects...

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