Fitch affirms Tyco

Fitch Ratings said it has affirmed the long-term and short-term ratings for Tyco International Ltd. and its wholly owned direct subsidiary Tyco International Finance SA as follows:

• Tyco International Ltd.'s issuer default rating at BBB+; senior unsecured revolving credit facilities at BBB+; senior unsecured notes at BBB+; and short-term issuer default rating at F2; and

• Tyco International Finance's issuer default rating at BBB+; senior unsecured revolving credit facilities at BBB+; senior unsecured notes at BBB+; short-term issuer default rating at F2 and commercial paper at F2.

The outlook is stable.

Fitch said that the ratings incorporate Tyco's leading market positions, ongoing operating improvements, conservative financial policies and solid liquidity position.

© 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.