S&P ups Xilinx

Standard & Poor's said that it raised the corporate credit rating on Xilinx Inc. to BBB from BBB-, the senior rating to BBB from BBB- and the subordinated debt rating to BB+ from BB.

The outlook is stable.

The ratings on Xilinx reflect the company's leading market position in the $4.8 billion programmable logic device semiconductor market, the agency said.

The ratings also consider good profitability and a strong financial profile, characterized by good cash flow-generating capability and strong liquidity, the agency added.

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