Philips Electronics NV has been long in the shade, but it is emerging to find its place in the sun now, and Standard & Poor’s Corp has affirmed the Eindhovener’s senior unsecured long-term debt rating at triple-B and changed the outlook to positive from negative. The outlook change reflects the clearly positive trend in Philip’s operating performance, it said. A sustained recovery across all of Philips’s main divisions and the maintenance of the group’s newly restored balance sheet strength could lead to an upgrade, it promised.
