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Sanmina Corp. Is Upgraded To 'BB-' On Improved Financial Profile; Outlook Is Stable

Published Oct 29, 2013

1209 words — Published Oct 29, 2013

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Abstract:

U.S. electronic manufacturing services (EMS) provider Sanmina Corp. recently reported fiscal 2013 results. We are raising our corporate credit rating on Sanmina to 'BB-' from 'B+', and our senior unsecured debt rating to 'B+' from 'B'. The stable outlook reflects our expectation that Sanmina will stabilize revenues in fiscal 2014, and will maintain consistent profitability and positive discretionary cash flow. NEW YORK (Standard&Poor's) Oct. 29, 2013--Standard&Poor's Ratings Services today said it raised its corporate credit rating on San Jose, Calif.-based Sanmina Corp. to 'BB-' from 'B+'. The outlook is stable. We also raised the senior unsecured debt rating to 'B+' from 'B'. The recovery rating on the company's senior unsecured notes remains unchanged at '5', indicating

Brief Excerpt:

RESEARCH Sanmina Corp. Is Upgraded To '##-' On Improved Financial Profile; Outlook Is Stable Publication date: 29-Oct-2013 Primary Credit Analyst: Martha P Toll-Reed, New York (1) 212-438-7867; molly.toll-reed@standardandpoors.com...

Report Type:

Ratings Action

Ticker

SANM

Issuer

Sanmina Corp.

GICS

Electronic Manufacturing Services (45203020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Sanmina Corp. – 2014/04/09 – US$ 225.00

Sanmina Corp.'s $350 Million Senior Secured Notes Rated 'BB' (Recovery: 2); Senior Unsecured Rating Raised To 'BB-' – 2014/05/20 – US$ 150.00

Sanmina Corp. Upgraded To 'BB' On Improved Operating Performance And Debt Reduction; Outlook Stable – 2014/10/30 – US$ 150.00

Research Update: Sanmina Corp. Upgraded To 'BB' On Improved Operating Performance And Debt Reduction; Outlook Stable – 2014/10/30 – US$ 225.00

Sanmina Corp. 'BB' Rating Is Affirmed; Outlook Stable – 2015/10/15 – US$ 150.00

Research Update: Sanmina Corp. Is Upgraded To 'BB-' On Improved Financial Profile; Outlook Is Stable – 2013/10/29 – US$ 225.00

Sanmina Corp. Outlook Is Revised To Positive From Stable; 'B+' Rating Affirmed – 2013/02/01 – US$ 150.00

Research Update: Sanmina Corp. Outlook Is Revised To Positive From Stable; 'B+' Rating Affirmed – 2013/02/01 – US$ 225.00

Summary: Sanmina-SCI Corp. – 2012/10/18 – US$ 225.00

Summary: Sanmina-SCI Corp. – 2012/04/30 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Sanmina Corp. Is Upgraded To 'BB-' On Improved Financial Profile; Outlook Is Stable" Oct 29, 2013. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sanmina-Corp-Is-Upgraded-To-BB-On-Improved-Financial-Profile-Outlook-Is-Stable-1208388>

APA:	S&P Global Ratings’ Credit Research. (). Sanmina Corp. Is Upgraded To 'BB-' On Improved Financial Profile; Outlook Is Stable Oct 29, 2013. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sanmina-Corp-Is-Upgraded-To-BB-On-Improved-Financial-Profile-Outlook-Is-Stable-1208388>

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