S&P lowers Rohm

S&P said it downgraded Rohm HoldCo II GmbH and its senior secured debt to B- from B, citing lower demand for its products.

“We expect Rohm's end-market industries to be significantly hit by Covid-19 disruptions since mobility and transportation are key drivers in these markets, only partly compensated by demand boost for Plexiglas sheet as a protective measure against the virus,” S&P said in a press release.

The outlook is stable.

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