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Moody's upgrades KLA
Moody's Investors Service said it raised the senior unsecured rating of KLA Corp. to A2 from Baa1.
The upgrade reflects Moody's expectations "that ongoing fundamental drivers for semiconductor industry capital expenditures will drive revenue and free cash flow growth over the next few years leading to strong financial flexibility, including low leverage and strong liquidity " said Richard Lane, a Moody's senior vice president, in a press release.
The outlook is stable.
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