Sanmina Corp. 'BB' Rating Outlook Revised To Positive From Stable Due To Improved Business Risk View

Our view of global electronics manufacturing services (EMS) provider Sanmina Corp.'s business has improved relative to competitors in the EMS industry, and we could raise the rating by one notch over the next 12 months if the company delivers operating performance in line with our forecast. We are revising our outlook on Sanmina to positive from stable. We are also affirming our 'BB' corporate credit rating on the company and our 'BB+' issue-level rating on its senior secured notes. The positive outlook reflects our view that we could raise the rating over the next 12 months if the company delivers operating performance consistent with our forecast while maintaining leverage below 3x. SAN FRANCISCO (Standard&Poor's) March 25, 2016--Standard&

...+ Our view of global electronics manufacturing services (EMS) provider Sanmina Corp.'s business has improved relative to competitors in the EMS industry, and we could raise the rating by one notch over the next 12 months if the company delivers operating performance in line with our forecast. + We are revising our outlook on Sanmina to positive from stable. + We are also affirming our '##' corporate credit rating on the company and our '##+' issue-level rating on its senior secured notes. + The positive outlook reflects our view that we could raise the rating over the next 12 months if the company delivers operating performance consistent with our forecast while maintaining leverage below 3x. SAN FRANCISCO (Standard & Poor's) March 25, 2016--Standard & Poor's today affirmed its '##' corporate credit rating on San Jose, Calif.-based Sanmina Corp. and revised the outlook to positive from stable. At the same time, we affirmed our '##+' issue-level rating on the company's senior secured notes....

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