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Fitch Revises SK Hynix Inc's Outlook To Positive-Reuters


Monday, 27 May 2013 01:17am EDT 

Reuters reported that Fitch Ratings has revised Korea-based SK Hynix Inc.'s Outlook to Positive from Stable. The agency has affirmed the Company's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs), as well as senior unsecured rating, at BB. Key Rating Drivers Favourable operational outlook the revision of the Outlook to Positive from Stable reflects Fitch's view that Hynix will benefit from the tighter supply-demand balance following the merger of Elipda Memory Inc. and Micron Technology Inc., the dynamic random access memory (DRAM) makers. In addition, the second-tier Taiwanese makers' gradual exit from commodity DRAM is positive for Hynix, as pricing pressure should reduce. However, Hynix's market position may be pressured if Elpida-Mircon benefits from an increased scale after the merger. 

Company Quote

48150.0
-1300.0 -2.63%
10:22pm EDT