Fitch affirms, revises KLA view to stable

Fitch Ratings said it affirmed the BBB+ ratings for KLA Corp. and revised the outlook to stable from positive.

“The ratings and outlook reflect Fitch's expectation that KLA's customers overall will defer marginal spending on process control to optimize financial flexibility through the coronavirus pandemic, which should weigh on revenue growth through at least calendar 2020,” said the agency in a press release.

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