A global credit rating agency Moody’s announced on December 12 that it has upgraded the credit rating of SK Hynix by one notch from Ba2 to Ba1. Moody’s also maintained the stable credit outlook for SK Hynix.
Moody’s said that it revised upward its credit rating on SK Hynix since the South Korean semiconductor company’s operating profit and liquidity situation improved thanks to the recovery of the DRAM market.
The credit rating agency predicted that despite the recent slowdown in shipments of mobile devices, the demand for DRAMs will likely to remain stable over the next 12-15 months.
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