Moody's may lower Tyco

Moody's Investors Service said the A3/prime-2 ratings for Tyco International Finance SA, whose obligations are fully guaranteed by Tyco International Ltd., remain under review for possible downgrade following news that an agreement has been reached for a merger of its flow control unit with Pentair Inc.

While the news underscores the value of the flow control businesses in Tyco's strategy of unlocking shareholder value through its separation strategy, information available to date remains insufficient to resolve the ratings.

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