Xilinx Inc. Upgraded To 'BBB' On Improving Operating Performance
- ID: 1721681
- April 2011
- Standard & Poors
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Research type: News
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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.