Fitch affirms Samsung Electronics

Fitch Ratings said it affirmed Samsung Electronics Co., Ltd.'s long-term foreign-currency issuer default rating at A+, and assigned a long-term local-currency issuer default rating of A+ and senior unsecured ratings of A+ to its two outstanding foreign-currency senior unsecured bonds of $115 million.

The outlook was revised to stable from negative.

The outlook revision reflects the company's robust consolidated operating results for the first half of 2010, the agency said.

It also considers expectations for the company's financials to continue to improve against the backdrop of a positive industry outlook and its dominant market positions across its major business divisions, Fitch said.

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