Moody's cuts Sanmina-SCI view to stable

Moody's Investors Service said it affirmed Sanmina-SCI Corp.'s B1 corporate family and probability of default ratings, along with its SGL-2 speculative-grade liquidity ratings.

The outlook was revised to stable from positive.

The outlook revision reflects an expectation that Sanmina's revenue will likely experience some near-term pressure and modestly underperform its electronics manufacturing services peers over the next 12 months due to higher exposure to the components business, Moody's said.

Sanmina's revenue is expected to decline about 2% to 5% in fiscal year 2012, the agency said.

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