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Fitch shifts Amkor view to positive
Fitch Rating said it revised Amkor Technology Inc.’s outlook to positive from stable and affirmed its BB ratings.
“The rating and outlook reflect Fitch's expectations for higher mid-cycle revenue and profit margins from Amkor's execution on its technology roadmap and cost optimization, resulting in a richer sales mix. Current supply chain constraints have been a tailwind for demand visibility and pricing, but Fitch still expects higher than historical annual FCF through the cycle despite elevated capital spending to support growth,” the agency said in a press release.
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