Sanmina Corporation -- Moody's assigns Ba2 rating to Sanmina's new senior secured notes, changes outlook to positive

New York, May 20, 2014 -- Moody's Investors Service assigned Ba2 LGD3-35% ratings to Sanmina Corporation's ("Sanmina") $350 million senior secured note offering, and changed the ratings outlook to positive. The proceeds of the notes will be used for general corporate purposes, including a partial redemption of the company's senior unsecured notes. As part of the rating action, Moody's affirmed the company's Ba3 Corporate Family (CFR), Ba3-PD Probability of Default (PDR), and B1 unsecured notes ratings. The Speculative Grade Liquidity Rating remains unchanged at SGL-2, indicating good liquidity.

Vollständigen Artikel bei Moodys lesen