[February 20, 2014]

Fitch Updates Recovery Analyses for U.S. Technology Sector

Link to Fitch Ratings' Report: U.S. Technology Recovery Models -- Fourth-Quarter 2013
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=737585

Fitch Ratings has published updated recovery analyses for U.S. technology companies, including:

--Advanced Micro Devices, Inc.;

--First Data Corp.;

--Freescale (News - Alert) Semiconductor, Inc.

The interactive recovery analysis worksheets are available by clicking on the above link or at 'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 05, 2013);

--'Short-Term Ratings Criteria for Non-Financial Corporates' (Aug. 05, 2013).

Applicable Criteria and Related Research:

Corporate Rating Methodology: Including Short-Term Ratings and Parent and Subsidiary Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=715139

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=721836

Short-Term Ratings Criteria for Non-Financial Corporates

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=714415

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