S&P rates Broadcom, notes BBB+

Standard & Poor's said it assigned its BBB+ corporate credit rating to Broadcom Corp. while it also assigned its BBB+ issue rating to the company's senior unsecured notes.

The outlook is positive.

"We expect Broadcom will maintain a minimal financial risk profile, characterized by a conservative financial policy and a strong liquidity position as a buffer to industry volatility," said credit analyst Joseph Spence.

In addition, the agency said it expects the company's strong competitive position within the communications semiconductor industry to result in continued revenue and profitability growth, primarily reflecting the strong secular trends in the wireless and broadband subsectors.

© 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.