New York, December 07, 2015 -- Moody's Investors Service ("Moody's") upgraded NXP B.V.'s ("NXP") ratings -- Corporate Family Rating ("CFR") to Ba1 from Ba2, Probability of Default Rating ("PDR") to Ba1-PD from Ba2-PD, senior secured rating to Baa3 from Ba1, and senior unsecured rating to Ba2 from Ba3. The upgrade follows the closing of NXP Semiconductor's acquisition of Freescale Semiconductor Ltd. (the "Acquisition"). Moody's also upgraded the rating of NXP Semiconductors N.V.'s ("NXP Semiconductors") cash convertible notes to Ba2 from B1. Moody's upgraded to Baa3 Freescale Semiconductor, Inc.'s 5% Senior Secured Notes due 2021 and the 6% Senior Secured Notes due 2022 (collectively the "Freescale Notes"), since the Freescale Notes and NXP's existing senior secured debt share in each other's collateral and guarantees. As Freescale's other debt was repaid upon closing, Moody's withdrew Freescale's CFR, PDR, and other debt instrument ratings. NXP's outlook is stable. These rating actions conclude the review for upgrade of NXP's and Freescale's ratings initiated on October 29, 2015 and March 2, 2015, respectively.

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