Fitch affirms ASML

Fitch Ratings said it has affirmed ASML Holding NV's long-term issuer default rating and senior unsecured rating of BBB-, respectively.

The agency said that the ratings have simultaneously been removed from rating watch negative, where they were placed on Dec. 19, and a negative outlook has been assigned.

According to Fitch, the rating affirmation reflects discussions with management and a review of various downside scenarios with respect to cash flow and liquidity, in light of the much reduced revenue visibility signaled in the company's Dec. 18 trading statement.

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