Moody's: Samsung Mobile A3

Moody's Investors Service said it assigned an A3 issuer rating to Samsung Mobile Display Co. Ltd.

The outlook is stable.

The ratings reflect the company's Baa3 standalone credit profile and the three-notch rating uplift from the support that its parent, Samsung Electronics, is likely to provide in a distressed scenario, Moody's said.

The ratings also consider its strong leadership position in the niche display panel industry, which has good growth potential, the agency said, and its solid financial profile.

The ratings are constrained by the high concentration of products and end-markets, its exposure to exchange-rate fluctuations and its negative free cash flow, Moody's said.

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