Fitch affirmed Skyworks Solutions at 'BBB+' and revised the outlook to Stable from Negative after the Qorvo merger closed. The agency cited a stronger operating profile, greater exposure to non-smartphone markets, and achievable cost synergies. Qorvo's ratings were withdrawn. The $1.4 billion exchange notes were also rated 'BBB+'.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.