|
|
 |
|
Viewing report
|
|
|
|
Amkor Technology Inc. May 11
Standard & Poors, May 2011
Abstract
Good overall market share; Lightly leveraged; and Modest financial policy Highly competitive industry; and Exposure to cyclical industry characteristics The rating on Chandler, Ariz.-based Amkor Technology Inc., reflects Standard & Poor's Ratings Services' expectation that credit ratios will remain consistent with Amkor's intermediate financial profile. This is despite the possibility that revenues and margins may decline moderately through at least the June 2011 quarter, due to seasonality and the completion of an industry-wide inventory correction in late 2010. Amkor's January 2011 conversion of $100 million of its convertible subordinated notes partly mitigates those factors. Amkor is a global supplier of outsourced semiconductor packaging and testing services. We view the company's financial risk profile as intermediate, with trailing adjusted leverage of...
Companies mentioned in this report are: Amkor Technology Inc.
Action: Review
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: Full Analysis
|
|
|
|
