S&P: Analog Devices notes A-

Standard & Poor's said it assigned an A- rating to Analog Devices Inc.'s new $500 million 10-year senior unsecured notes.

The agency also said it affirmed the company's existing A- corporate credit rating and A-2 short-term rating.

The corporate credit rating reflects an expectation that the company's good market position in the analog semiconductor segment, conservative balance sheet and consistent profitability and cash flows will enable it to maintain strong liquidity and low leverage, despite a highly competitive and cyclical industry, S&P said.

The company's minimal financial risk profile is a key support for the rating given the assessment of the business profile as satisfactory, the agency said.

The company benefits from stable market share, a diversified customer base and consistent profitability despite challenging market conditions, S&P added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.