OREANDA-NEWS. Fitch Ratings is planning to withdraw the ratings on Sanmina Corporation (Sanmina) on or about Feb. 10, 2016 (approximately 30 days from the date of this release) for commercial reasons.

Fitch currently rates Sanmina as follows:

--Long-term Issuer Default Rating (IDR) 'BB+';
--Senior secured revolving credit facility 'BBB- / RR1';
--Senior secured notes 'BB+ /RR3'.

The Rating Outlook is Stable.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Believing that investors benefit from augmented rating coverage Fitch is providing approximately 30 days' notice to the market of the rating withdrawal of Sanmina. Ratings are subject to analytical review and thus may change up to the time Fitch withdraws the ratings.

Fitch's last rating action for Sanmina was on Sept. 30, 2015; at that time the long-term IDR was upgraded to 'BB+' from 'BB'. In addition, Fitch affirmed the senior secured revolving credit facility rating at 'BBB-', assigning a Recovery Rating (RR) of 'RR1', and affirmed the senior secured notes at 'BB+', assigning an RR of 'RR3'.