09.10.2015, 14:00
Fitch Plans to Withdraw Acer Inc.'s Ratings
OREANDA-NEWS. Fitch Ratings expects to withdraw its ratings of Acer Inc. (Acer) after a
30-day period beginning today as they are no longer considered by Fitch
to be relevant to the agency's coverage. Fitch will continue to
maintain coverage of Acer prior to withdrawal.
Fitch currently rates Acer as follows:
Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs): 'BB-'; Outlook Stable
National Long-Term Rating: 'BBB(twn)'; Outlook Stable
Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal. Ratings are subject to analytical review and change up to the time Fitch withdraws the ratings.
Fitch's last rating action on the IDRs was on 4 May 2015 when the ratings were affirmed with a Stable Outlook. On 13 November 2014, the IDRs and the National Long-Term Rating were affirmed and all of the Outlooks revised to Stable from Negative.
Fitch currently rates Acer as follows:
Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs): 'BB-'; Outlook Stable
National Long-Term Rating: 'BBB(twn)'; Outlook Stable
Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal. Ratings are subject to analytical review and change up to the time Fitch withdraws the ratings.
Fitch's last rating action on the IDRs was on 4 May 2015 when the ratings were affirmed with a Stable Outlook. On 13 November 2014, the IDRs and the National Long-Term Rating were affirmed and all of the Outlooks revised to Stable from Negative.
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