Amkor Technology, Inc. -- Moody's downgrades Amkor Technology's CFR to B1 and Senior Unsecured Rating to B2; outlook stable

New York, May 15, 2013 -- Moody's Investors Service downgraded Amkor Technology, Inc.'s ("Amkor") Corporate Family Rating ("CFR") to B1 from Ba3 and the senior unsecured rating to B2 from Ba3. Moody's affirmed the Speculative Grade Liquidity ("SGL") rating at SGL-2. The outlook has been revised to stable from negative. This follows the announcement that Amkor intends to issue up to an additional $250 million of Senior Notes due 2022 and reflects the recent closing of an additional $300 million of delayed draw term loans to Amkor's Korean subsidiary, which are structurally senior obligations with respect to the assets of the Korean subsidiary.

Vollständigen Artikel bei Moodys lesen