Fitch Revises STMicroelectronic's Outlook to Positive; Affirms at 'BBB-'
(The following statement was released by the rating agency) LONDON, March 01 (Fitch) Fitch Ratings has revised the Outlook on STMicroelectronics N.V.'s (ST) Long-Term Issuer Default Rating (IDR) to Positive from Stable. Fitch has affirmed STM's IDR and senior unsecured rating at 'BBB-'. ST's rating is supported by the company's strong position within a number of key growth segments in the semiconductor market. The maintenance of a conservative financial policy has offset weaker cash-flow gen