Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ASE Technology Holding Co., Ltd. > News item |
Fitch changes Advanced Semiconductor view
Fitch Ratings said it affirmed ASE Technology Holding Co., Ltd.'s and its subsidiary Advanced Semiconductor Engineering, Inc.'s long-term foreign-currency issuer default ratings at BBB and revised the outlook to negative from stable.
The negative outlook reflects Fitch's expectation that the company’s FFO adjusted gross leverage will remain relatively high due to production disruptions in first quarter 2020 and likely lower smartphones sales as the Covid-19 outbreak and U.S.-China trade war dampen consumer sentiment, the agency said.
© 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.