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19 Aug
13:57

Global semiconductor demand for automotive increases: Fitch

Fitch Ratings has affirmed Japan-based semiconductor manufacturer Renesas' long-term issuer default rating (IDR) and senior unsecured rating at BBB- and removed the ratings from rating watch negative (RWN). The outlook on the long-term IDR is stable. “The stable outlook reflects our view that Renesas total debt with equity credit/operating Ebitda will improve to below 3.0x - the level above which Fitch may consider negative rating action - in 2022 on a J…
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