ANDOVER, Mass., Sept. 26, 2017 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of
technologies that enable advanced processes and improve productivity, announced today that S&P Global Ratings (“S&P”)
raised their corporate credit rating to 'BB+' from 'BB' on improved credit metrics. Simultaneously, S&P raised the issue-level
rating on the company's senior secured term loan to investment grade 'BBB-' with a stable outlook. According to S&P, the
rating action reflects the company’s improved financial metrics over the past year and successful integration of the Newport
acquisition.
“We are pleased that S&P has recognized both our strong operating performance and our substantial progress on delevering our
balance sheet,” said Seth H. Bagshaw, Senior Vice President and Chief Financial Officer. “This upgrade from
S&P, as well as the recent upgrade from Moody’s, reflects our continued progress in both the integration of Newport Corporation
and strong execution in our strategy for profitable and sustainable growth.”
About MKS Instrument
MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control,
power, monitor, and analyze critical parameters of advanced manufacturing processes to improve process performance and
productivity. Our products are derived from our core competencies in pressure measurement and control, flow measurement and
control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control technology, ozone
generation and delivery, RF & DC power, reactive gas generation, vacuum technology, lasers, photonics, sub-micron positioning,
vibration isolation, and optics. Our primary served markets include semiconductor capital equipment, general industrial, life
sciences, and research. Additional information can be found at www.mksinst.com.
Company Contact: Seth H. Bagshaw
Senior Vice President, Chief Financial Officer and Treasurer
Telephone: 978.645.5578
Investor Relations Contacts:
Monica Gould
The Blueshirt Group
Telephone: 212.871.3927
Email: monica@blueshirtgroup.com
Lindsay Grant Savarese
The Blueshirt Group
Telephone: 212.331.8417
Email: lindsay@blueshirtgroup.com