S&P assigns Analog BBB+, A-2

Standard & Poor's said it assigned its BBB+ long-term corporate credit rating and A-2 short-term rating to Analog Devices Inc.

The outlook is stable.

The agency said that the ratings reflect the company's good profitability and cash flows, conservative capitalization and its good position in a highly competitive, technologically challenging industry, offset by the presence of strong competition and high R&D expenses to continually develop advanced analog semiconductors.

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