You are here

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom