08.05.2015 09:03:00

MagnaChip Semiconductor Corporation -- Moody's: Magnachip's receipt of notice of default is credit negative but has no immediate ratings impact

Hong Kong, May 08, 2015 -- Moody's Investors Service says that MagnaChip Semiconductor Corporation's Caa1 corporate family rating and Caa1 senior unsecured bond rating are not immediately affected by the notice of default the company received on its $225 million notes due 2021.

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