Fitch rates Tyco notes BBB

Fitch Ratings said it assigned a BBB to Tyco Electronics Group SA's $500 million of senior notes.

Tyco has BBB issuer default, senior unsecured loan and note ratings, and F2 short-term issuer default rating.

The outlook is stable.

Proceeds are expected to be used for general corporate purposes, including the repayment of a portion of the amounts outstanding under the company's revolving credit facility expiring April 2012 as well as reduction of commercial paper.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.