Ritek Corp's (錸德) credit rating may be cut by Standard & Poor's after the world's largest maker of recordable compact-discs dumped its profit forecast for a loss.
The company's BB- rating, three levels below the lowest investment grade, was placed on review for a possible downgrade, S&P said in a statement.
Ritek expects to post a loss this year because of lower-than- expected demand. The company expects a loss of NT$3.25 billion (US$95 million), compared with an April forecast of a NT$2.1 billion profit. Ritek cut its sales forecast by almost a quarter to NT$20.3 billion.
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