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  1. Technology
July 27, 1994

CREDIT RATINGS

By CBR Staff Writer

VLSI Technology Inc’s B-minus rating on its subordinated convertible debentures was confirmed by Standard & Poor’s Corp, which also revised the chip-maker’s outlook to stable from negative. The implied senior rating is B-plus. About $57m of rated debt is affected, and the outlook revision reflects the agency’s expectation that the strengthened business position and improved profitability seen over the last year can be continued by VLSI.

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