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S&P: RF Micro outlook stable
Standard & Poor's said it affirmed its B+ corporate credit rating and other ratings on RF Micro Devices Inc. and revised its outlook to stable from negative.
S&P said the action recognized improving business conditions and a growing business base, resulting in improved profitability and stronger debt-protection measures.
The ratings continue to reflect the company's relatively concentrated revenue base, high debt levels, and rapid technology and marketplace evolution, as well as its good position in its niche market and strong customer relationships.
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