Moody's rates ADT Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured issuer rating to ADT Corp.

The outlook is stable.

Tyco International Ltd. announced that it plans to spin-off ADT's business into a stand-alone company in the third calendar quarter of 2012. Post-spin, ADT's capital structure is expected to have $2.5 billion of debt, $300 million of cash and an undrawn $750 million revolver.

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