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Fitch Says Degrees And Rates Of Deterioration To Vary Across U.S. Tech In 2023

Published on December 09, 2022 12:31 PM PST

Dec 9 (Reuters) - Fitch:

* FITCH SAYS DEGREES AND RATES OF DETERIORATION TO VARY ACROSS U.S. TECH IN 2023

* FITCH ON U.S. TECH SECTOR SAYS IT EXPECTS IT DISTRIBUTORS TO WORK DOWN INVENTORIES AND DEMONSTRATE COUNTERCYCLICAL FCF PROFILES IN 2023

* FITCH SAYS CONDITIONS ACROSS US TECH SECTOR TO DETERIORATE IN 2023 AS LOWER DEMAND DUE TO WEAKER MACROECONOMIC GROWTH RIPPLES THROUGH TECH COMPLEX

* FITCH SAYS AFFECTS OF WEAKER MACROECONOMIC GROWTH WILL BE UNEVEN ACROSS TECH SUBSECTORS NEXT YEAR

* FITCH - CONSUMER ORIENTED HARDWARE MANUFACTURERS, HIGH FIXED COST SEMICONDUCTOR SUPPLIERS IN U.S. TECH WILL EXPERIENCE PRESSURE ON OPERATING, CREDIT METRICS IN 2023

* FITCH ON U.S TECH SECTOR SAYS IT EXPECTS CONTINUED SOFTWARE AND CLOUD SERVICES SUBSECTOR GROWTH DURING 2023, ALBEIT AT A SLOWER PACE

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