Moody's Ratings Downgrades MKS Instruments' CFR to Ba2; Outlook Stable
Moody's Ratings (Moody's) downgraded MKS Instruments, Inc.'s (MKS) corporate family rating (CFR) to Ba2 from Ba1 and its probability of default rating (PDR) to Ba2-PD from Ba1-PD. We affirmed MKS's senior secured bank credit facility ratings at Ba1. The speculative grade liquidity (SGL) rating remai...MKS Instruments is a provider of instruments, subsystems and process control solutions. The company has two segments: Vacuum & Analysis, which provides instruments, components, subsystems and software which are derived from its knowledge in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, radio frequency and data communication power, reactive gas generation and vacuum technology; and Light & Motion, which provides instruments, components and subsystems which are derived from its knowledge in lasers, photonics and optics.
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