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Summary: Amkor Technology Inc. May 11 Product Image

Summary: Amkor Technology Inc. May 11

  • Published: May 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
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 about 1.9x, as of the March 2011 quarter. Our view reflects our experience that over a cycle, there is...

Companies mentioned in this report are: Amkor Technology Inc.
Action: Review

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Amkor Technology Inc.

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