U.S. electronic manufacturing services (EMS) provider Sanmina's earnings and credit measures have strengthened, reflecting benefits of prior restructurings and recovery of many of its end markets. Sanmina's proposed $500 million debt issuance will be used to retire existing debt and will improve its debt maturity profile. We are raising our corporate credit rating on the company to 'B+' from 'B'. We are also rating the notes 'B' with a recovery rating of '5'. The stable rating outlook reflects our expectation of stabilized profitability and leverage commensurate with the 'B+' rating over the coming year. NEW YORK (Standard&Poor's) April 26, 2011--Standard&Poor's Rating Services today raised its corporate credit rating on San Jose, Calif.-based electronic manufacturing services (EMS)
