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Moody's may up Hynix Semiconductor
Moody's Investors Service said it placed under review for possible upgrade the Caa2 rating of the senior secured notes issued by Hynix Semiconductor Manufacturing America, Inc.
Moody's said the rating is based primarily on the credit quality of Hynix Semiconductor Inc., the majority shareholder of Hynix Semiconductor Manufacturing America.
The rating action is triggered by Hynix Seminconductor's improved operating performance and financial profile, thanks to the improvement in dynamic random access memory prices in 2004.
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