New York, December 09, 2015 -- Moody's Investors Service ("Moody's") assigned a provisional (P)Ba3 rating to Microsemi Corp.'s ("Microsemi") new Senior Secured Credit Facilities (Revolver, Term Loan A, and Term Loan B) ("New Credit Facilities") and downgraded Microsemi's Corporate Family Rating ("CFR") to Ba3 due to the large increase in leverage used to finance Microsemi's planned acquisition of PMC-Sierra, Inc ("PMC"). Moody's also confirmed the Ba3-PD Probability of Default Rating ("PDR") and the Ba2 ratings of the existing senior secured credit facilities (Revolver due 2019, Term Loan A due 2019, Term Loan B due 2020). Upon closing of the PMC acquisition, Moody's expects to convert the provisional ratings to definitive ratings. The outlook is stable. This rating action concludes the rating review for downgrade initiated on October 19, 2015.

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