Moody’s withdraws ratings on ASAT

By k on July 17, 2009

Hong Kong, July 17, 2009 -- Moody's Investors Service has today withdrawn
the Ca corporate family rating of ASAT Holdings Limited ("ASAT") and Ca
senior unsecured ratings of New ASAT (Finance) Limited.

Moody's has withdrawn the ratings because the company has entered into
debt restructuring. Please refer to Moody's Withdrawal Policy which can
be found at www.moodys.com.

Moody's previous rating action with regard to ASAT was taken on February
2, 2009, when the company's ratings were downgraded to Ca with a
negative outlook.

ASAT's ratings have been assigned by evaluating factors Moody's believes
are relevant to the company's credit profile, such as its i) business
risk and competitive position versus others within the industry; ii)
capital structure and financial risk; iii) projected performance over the
near to intermediate term; and iv) management's track record and
tolerance for risk.

ASAT is a provider of outsourced semiconductor assembly and test services
with manufacturing operations in Dongguan, China.

Moody’s reviews BBI Finance’s B1/B2 ratings with direction uncertain Sydney, October 02, 2009 -- Moody's Investors Service has today...

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