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Summary: MOSAID Technologies Inc. Jan 12
Standard & Poors, January 2012
The ratings on MOSAID Technologies Inc. are largely driven by the company's highly leveraged financial risk profile characterized by Standard & Poor's Ratings Services' pro forma adjusted debt to EBITDA in the mid-6x range based on our fiscal 2012 expectations, weak pro forma cash flow protection measures, and an aggressive financial policy given the company's leveraged capital structure and financial sponsor ownership. The ratings also reflect our assessment of a fair business risk profile owing to what we consider MOSAID's relatively small scale, limited product diversity, high customer concentration, and uncertainty with respect to litigation outcomes. These factors are somewhat mitigated, we believe, by the strength of the company's intellectual property patent portfolio in areas of dynamic random access memory...
Companies mentioned in this report are: MOSAID Technologies Inc.
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MOSAID Technologies Inc.