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TEXT-S&P corrects Microsemi rating
2012年10月18日 / 下午5点30分 / 5 年前

TEXT-S&P corrects Microsemi rating

(The following statement was released by the rating agency)
    Oct 18 - Standard & Poor's Ratings Services today corrected its recovery
rating on Aliso Viejo, Calif.-based semiconductor manufacturer Microsemi Corp.'s
$50 million revolver due 2015 by revising it to '2' from '1' because we did not
revise it following the recovery report dated Oct. 4, 2011. The recovery rating
on the revolver is '2', indicating our expectation of a substantial (70% to 90%)
recovery in the event of default. The issue-level rating on the term loan is
'BB' (one notch higher than the corporate credit rating).

The 'BB' issue-level rating and '2' recovery rating on Microsemi Corp.'s $810 
million term loan due 2018 remain unchanged. (For more information, see 
Microsemi's recovery report to be published shortly on RatingsDirect.)


RELATED RESEARCH AND CRITERIA
Criteria Guidelines For Recovery Ratings On Global Industrials Issuers' 
Speculative-Grade Debt, Aug. 10, 2009

RATINGS LIST

Microsemi Corp.
 Corporate Credit Rating             BB-/Stable/--

Recovery Rating Revised; Issue Rating Unchanged
                                     To               From
Microsemi Corp.
 $50 mil. revolver due 2015          BB         
   Recovery Rating                   2                1

 (Caryn Trokie, New York Ratings Unit)

我们的标准:汤森路透“信任原则”
0 : 0
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