New York, April 11, 2016 -- Moody's Investors Service ("Moody's") rated Micron Technology Inc.'s ("Micron") new Senior Secured Term Loan B at Baa2 and affirmed Micron's other ratings, including the Ba2 Corporate Family Rating ("CFR"), the Ba2-PD Probability of Default Rating ("PDR"), the Ba3 Senior Unsecured rating, and the SGL-2 Speculative Grade Liquidity ("SGL") rating. The outlook is stable.

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