S&P: Micron view now stable

S&P said it affirmed all of its ratings, including the BB corporate credit rating, on Micron Technology Inc. and revised the outlook to stable from negative.

“The outlook revision follows a significant recovery in Micron's operating performance largely driven by improvement in both dynamic random access memory (DRAM) and NAND (flash memory) market conditions, pricing, and technology transitions to lower line width and 3D memory solutions,” said S&P credit analyst Jenny Chang in a news release.

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