Moody's boosts Vishay

Moody's Investors Service said it upgraded Vishay Intertechnology Inc.'s ratings, including the corporate family rating to Ba2 from Ba3 and the probability of default rating to Ba2-PD from Ba3-PD.

“The upgrade reflects Moody's positive view of Vishay's new corporate strategy, which is focused on strengthening Vishay's customer relationships and product focus. Achieving these objectives requires increasing production capacity both internally and through foundries in support of customer demand. It will also require an enlarged pool of customer-facing engineers to promote Vishay's full product and solutions portfolio,” the agency said in a press release.

The outlook is stable.

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