S&P puts Tyco International on positive watch

Standard & Poor's said it placed its ratings, including the BBB long-term corporate credit rating, on Tyco International Ltd. and subsidiary Tyco International Finance SA, on CreditWatch with positive implications - except for Tyco International Finance's A-2 commercial paper rating, which was affirmed.

The agency said the CreditWatch listing reflects the possibility that Tyco's improved balance sheet and operating performance could support a higher rating, subject to a review of the company's financial policies.

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