Cirrus Logic Inc. Upgraded To 'B+' On Expected Continued Revenue Growth, Low Leverage May 11

Standard & Poors, May 2011

Abstract
U.S. fabless semiconductor provider Cirrus Logic maintains steady operating performance and strong credit statistics relative to its rating level. We are raising our corporate credit rating on Cirrus to 'B+' from 'B'. The stable rating outlook reflects our expectation that Cirrus will continue to generate good profitability and maintain low leverage through the end of 2011. NEW YORK (Standard & Poor's) May 26, 2011--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Austin, Texas-based semiconductor provider Cirrus Logic Inc. to 'B+' from 'B'. The outlook is stable. "We expect Cirrus to continue to generate revenue growth and good margins through the second half of 2011," said Standard & Poor's credit analyst Joseph Spence, "reflecting...

Companies mentioned in this report are: Cirrus Logic Inc.
Action: Upgraded

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.

Cirrus Logic Inc.

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