Moody's affirms Flex's Baa3 senior unsecured rating; outlook stable
Moody's Investors Service (Moody's) affirmed the Baa3 senior unsecured rating of Flex Ltd. (Flex). The commercial paper rating of P-3 was also affirmed, and the outlook remains stable. RATINGS RATIONALE Flex's Baa3 senior unsecured rating benefits from the company's scale as one of the largest g...Flex is a provider of Sketch-to-Scale™ services that designs, engineers, manufactures, and supply chain services and solutions. Co. operates following segments: Communications & Enterprise Compute, which includes its telecom and networking business, server and storage platforms, and security appliance products; Consumer Technologies Group, which includes its consumer-related businesses in connected living and supply chain solutions; Industrial and Emerging Industries, which include energy and metering, semiconductor tools and capital equipment, and industrial automation and kiosks; and High Reliability Solutions, which include its medical, automotive, defense and aerospace businesses.
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