S&P shifts Infineon view to positive

S&P said it revised Infineon Technologies’ outlook to positive from stable and affirmed the BBB- issuer and senior unsecured debt ratings.

The agency said it sees a stronger-than-forecasted market rebound, a gradual recovery in profitability and disciplined financial policy helping Infineon.

“Infineon's S&P Global Ratings-adjusted debt to EBITDA will gradually improve to less than 2x by the end of fiscal 2022. This will support a potential one-notch upgrade over the next 24 months,” S&P said in a press release.

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