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Xilinx Inc. Upgraded To 'BBB' On Improving Operating Performance
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
U.S. PLD semiconductor developer Xilinx significantly improved its operating performance, such that it can accommodate leverage within 2x, despite industry cyclicality and aggressive shareholder returns. The company has also demonstrated that it can generate good cash flows and maintain strong liquidity through a business cycle. We are raising our corporate credit rating to 'BBB' from 'BBB-'. Our stable outlook reflects our expectation that the company will sustain its operating performance, good cash flows, and strong liquidity through the cycle. NEW YORK (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on San Jose, Calif.-based Xilinx Inc. to 'BBB' from 'BBB-'. At the same time, we raised the 'BBB-' senior unsecured...
Companies mentioned in this report are: Xilinx Inc.