S&P puts TTM Technologies on watch

S&P said it placed its BB corporate credit rating, and all other ratings, on TTM Technologies Inc. on CreditWatch with negative implications.

“The CreditWatch listing reflects the company's announcement to issue $700 million of debt to finance the acquisition of Anaren Inc., which expands TTM's engineering skillset, adding to the existing A&D and network and communications industry segments, along with expanding TTM's existing radio frequency technology,” S&P said in a news release.

© 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.