(Editor's note: this article, originally issued earlier today, has been republished to correct the issuer's free operating cash flow figures that appear in the fourth paragraph of the Rationale. These figures were previously misstated due to a computation error. A corrected version follows.) The ratings on Dutch diversified technology group Koninklijke Philips Electronics N.V. (Philips) reflect its continued stable performance in several core business segments, along with its diversified business portfolio. These have helped temper the group's weaker profitability in consumer electronics and exposure to the cyclical and capital-intensive semiconductor industry. Philips' net debt adjusted for leases was about €3.7 billion ($4.6 billion) at Sept. 30, 2004, compared with €4.2 billion at end June 2004. Philips' credit metrics have improved
