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Fitch Affirms ASML Rating at A+, Maintains Stable Outlook

BY MT Newswires | CORPORATE | 12/01/25 12:53 PM EST

12:53 PM EST, 12/01/2025 (MT Newswires) -- ASML's (ASML) long-term issuer default rating was affirmed at A+ by Fitch Ratings on Monday, with a stable outlook.

Fitch said that key drivers for the rating were the company's "exceptionally strong" position in the market as a lithography tool manufacturer, a favorable growth outlook, and limited threat from alternative technologies.

Fitch said it expects ASML's (ASML) exposure to semiconductor volatility to be diminished by its "strong" order backlog, which stood at 36 billion euros ($41.85 billion) by the end of 2024.

The ratings agency said that ASML (ASML) faces geopolitical risk due to a concentration of customers in Taiwan and China, but these concerns have been mitigated by efforts to boost semiconductor manufacturing in the US and Europe.

Fitch expects the company to record double-digit revenue growth in 2025, followed by mid-single-digit revenue growth in 2026.

ASML (ASML) shares were up 2.5% in recent Monday trading.

Price: 1086.00, Change: +25.99, Percent Change: +2.45

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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