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S&P downgrades Cohu
S&P said it downgraded Cohu Inc. and the rating on its secured term loan to B- from B. The recovery rating remains 3.
“Our B- rating on Cohu Inc. reflects its small scale, customer concentration, modest cash on hand, and substantial near-term uncertainty regarding supply chain and manufacturing disruptions brought by the Covid-19 pandemic,” said S&P in a press release.
The outlook is negative.
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