Moody's: Tyco remains on watch

Moody's Investors Service said it is continuing its review for possible downgrade of the A3/Prime-2 ratings on Tyco International Finance SA.

According to Moody's, Tyco recently filed several preliminary documents with the SEC presenting key elements of its planned separation into three entities.

Should the transactions proceed as indicated, the agency said it is likely that Tyco's ratings would be confirmed at A3/Prime-2.

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