Fitch revises ASE Technology view to stable

Fitch Ratings said it revised the outlooks of ASE Technology Holding Co., Ltd. (ASEH), and its fully owned subsidiary, Advanced Semiconductor Engineering, Inc., to stable from negative. Fitch also affirmed their BBB long-term foreign-currency issuer default ratings and A+(twn) national long-term ratings.

“The stable outlook reflects Fitch's expectation ASEH's FFO leverage will improve to around 2.3x in 2021-2022, below the 2.5x threshold at which Fitch may consider negative rating action. We expect ASEH to benefit from strong demand for assembly and test services, driven by robust sales of consumer electronics and a semiconductor chip shortage,” the agency said in a press release.

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