N@N

Specialized Technology Resources Rating Raised to aB1a? From aB2a?

^{Published on 2011-04-12 11:40:26 - Market Wire}
 

ENFIELD, Conn.--([ BUSINESS WIRE ])--Specialized Technology Resources, Inc. (STR), a wholly-owned subsidiary of STR Holdings, Inc. (NYSE: STRI), today announced that Moodya™s Investor Services (Moodya™s) raised its ratings on STR, including raising the corporate family rating to 'B1' from 'B2'. The rating outlook is stable.

"The ratings upgrade reflects STR's continued strong operating performance, ample liquidity and established global footprint"

At the same time, Moodya™s raised the issue-level rating on the Company's first-lien bank term loan to aBa3a™ from aB1a™ and second-lien bank term loan to 'B3' from 'Caa1'.

"The ratings upgrade reflects STR's continued strong operating performance, ample liquidity and established global footprint," said Moodya™s credit analyst Suzanne Wingo.

aWe are pleased to have our credit rating upgraded by Moodya™s. We will continue driving our financial performance to generate the operating cash flow that will enable future growth,a stated Barry A. Morris, STRa™s Executive Vice President and Chief Financial Officer.

About STR Holdings, Inc.

STR Holdings, Inc. is a leading global provider of high quality, superior performance solar encapsulants to the photovoltaic module industry. It is also one of the worlda™s leading providers of consumer product quality assurance testing, audit, inspection and responsible sourcing services, which help ensure that suppliers and retailers have the highest level of confidence in the quality and safety of their products and in the social standards of the supply chain producing them. Further information about STR Holdings, Inc. can be obtained via the Companya™s website at [ www.strholdings.com ].

Forward-Looking Statements

This press release and any oral statement made in respect of the information in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to inherent risks and uncertainties. These forward-looking statements present the Companya™s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business and are based on assumptions that the Company has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate under the circumstances. However, these forward-looking statements are not guarantees of future performance or financial or operating results. The Company undertakes no obligation to publicly update any forward-looking statements contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.