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.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >