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STATS ChipPAC debt rating downgraded by Moody's

Drop to Ba2 from Ba1 is due to pressure on profitability but outlook deemed stable
Saturday, August 23, 2014 - 06:00

Singapore MOODY'S Investors Service yesterday downgraded STATS ChipPAC Ltd's corporate family rating and senior unsecured debt rating to Ba2 from Ba1. The credit-rating agency said that the outlook is stable, but added that the chipmaker's final rating of Ba2 benefits from a one-notch uplift due

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