Research Update: Microsemi Corp. 'BB-' Rating Off Watch; Outlook Stable; First-Lien Credit Facility Assigned Preliminary 'BB' Rating Oct 11
- Language: English
- Published: October 2011
Standard & Poor's Ratings Services expects the acquisition of Zarlink to strengthen Microsemi Corp.'s good niche position as a provider of analog- and mixed-signal semiconductor components and to result in continued modest revenue and profitability growth, reflecting its new medical device and communications semiconductor portfolio. We also expect the company will work to reduce leverage through debt reduction as a buffer against industry cyclicality. Microsemi is a designer and manufacturer of high-reliability discrete semiconductor products to the security, defense, and aerospace industries and integrated circuits for a broad range of commercial, enterprise, and industrial applications. The acquisition of Zarlink broadens Microsemi's current product portfolio to include additional semiconductor products focusing on communications and medical devices applications. Despite our expectation that...
Companies mentioned in this report are: Microsemi Corp.
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