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Fitch Places Freescale's 'B+' IDR on Rating Watch Positive on Planned Merger with NXP

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings places Freescale Semiconductor, Inc.'s (Freescale) ratings on Rating Watch Positive, following the proposed merger with NXP Semiconductor N.V. (NXP). Fitch's actions affect $6 billion of total debt, including the undrawn revolving credit facility (RCF). A full list of ratings actions for Freescale follows at the end of this release. Freescale entered into a definitive agreement to merge with NXP in a transaction valuing Freescale's equity at $11.8 billion

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