S&P: Applied Materials view now stable

Standard & Poor’s said it revised its outlook on Applied Materials Inc. to stable from positive and affirmed the A- corporate credit rating and other ratings on the company.

S&P said the outlook revision to stable reflects S&P’s view that the anticipated product portfolio and market position enhancements resulting from the planned merger with Tokyo Electron will not materialize as a result of Applied Materials’ termination of the transaction.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.