S&P rates Siliconware converts BB

Standard & Poor's said it assigned its BB corporate credit rating to Siliconware Precision Industries Co. Ltd. and assigned its BB credit rating to the company's US$200 million convertible bond due Feb. 5, 2009.

The outlook is stable.

"The ratings on SPIL reflect the highly cyclical and competitive nature of the semiconductor industry. However, these weaknesses are partially offset by the company's solid niche position in the semiconductor assembly and testing services industry and its good financial profile," said S&P credit analyst John Bailey.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.