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S&P affirms NXP Semiconductors
S&P said it affirmed its BBB- long-term issuer credit ratings on NXP Semiconductors NV and its subsidiary NXP BV and removed the ratings from CreditWatch where they were originally placed with positive implications on Oct. 28, 2016.
The outlook is positive.
S&P said it also affirmed the issue ratings on the debt raised by various NXP entities and removed these ratings from CreditWatch with positive implications.
“The affirmation and removal from CreditWatch follows the announcement on July 26, 2018, by the semiconductor company Qualcomm Inc. that it had terminated its proposed acquisition of NXP because Qualcomm did not receive the required regulatory approvals,” S&P said in a news release.
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