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Moody's affirms Baa1 senior unsecured of Analog Devices following Maxim acquisition agreement; outlook stable

Rating Action: Moody's affirms Baa1 senior unsecured of Analog Devices following Maxim acquisition agreement; outlook stable. Global Credit Research- 13 Jul 2020. NOTE: On July 13, 2020, the press release was corrected as follows: The second paragraph was changed to In addition to the acquisition's strong strategic fit, the rating is supported by governance considerations, specifically a conservative leverage policy that targets net debt to EBITDA of less than 2 x and our...
Underlying
Analog Devices Inc.

Analog Devices is an analog technology company. The company designs, manufactures, and markets a portfolio of solutions, including integrated circuits, algorithms, software, and subsystems. The company's analog products include data converter that translate real-world analog signals into digital data and also translate digital data into analog signals, amplifiers that condition analog signals, and power management and reference products that include functions such as power conversion, driver monitoring, sequencing and energy management. The company's digital signal processing products are designed to execute software programs, or algorithms, associated with processing digitized real-time, real-world data.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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