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S&P puts ASM on watch
Standard & Poor's said it placed the BB- long-term corporate credit rating and BB subordinated debt ratings on ASM International NV on CreditWatch with negative implications.
"The CreditWatch placement reflects our expectation that global semiconductor equipment sales will continue to fall sharply in 2009, possibly resulting in significantly weaker EBIT margins and credit measures," S&P analyst Matthias Raab said in a statement.
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