Fitch Withdraws Spansion's Ratings

CHICAGO--(Business Wire)--
Fitch Ratings has withdrawn the following ratings on Spansion Inc. (Spansion):

--Issuer Default Rating (IDR) 'D';

--$175 million senior secured revolving credit facility (RCF) due 2010 'CC/RR3';

--$625 million senior secured floating rating notes due 2013 'CC/RR3';

--$225 million of 11.25% senior unsecured notes due 2016 'C/RR6'; and

--$207 million of 2.25% convertible senior subordinated debentures due 2016
'C/RR6'.

Fitch downgraded Spansion's IDR to 'D' on Feb. 18, 2009, following the company's
failure to cure its missed senior unsecured interest payment on Jan. 15, 2009
within the 30 days prescribed by the associated bond indenture.

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site. The issuer did not participate in the rating
process other than through the medium of its public disclosure.

Fitch Ratings
Jason Pompeii, 312-368-3210, Chicago
Nick P. Nilarp, CFA, 212-908-0649, New York
or
Media Relations:
Cindy Stoller, 212-908-0526, New York
Email: cindy.stoller@fitchratings.com

Copyright Business Wire 2009