Moody's rates AAC Baa1

Moody's Investors Service said it assigned a first-time Baa1 issuer rating to AAC Technologies Holdings Inc.

The outlook is stable.

The rating reflects the company's position as a leading miniature components manufacturer with a long operating history and a track record of adapting to changing market and product demand, the agency said.

The company's competitive strength is evident from its ability to compete against global competitors and to supply its products to leading mobile phone and consumer electronics makers, Moody's said.

The company also has demonstrated its adaptability to changing market and product demand while maintaining solid revenue and net profit growth, the agency said.

The rating is constrained by the low visibility of product demand, which is driven by end-products that evolve with rapidly changing technologies, product specifications and customer demand, Moody's said.

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