...+ On Dec. 8, 2016, Broadcom Ltd. affirmed its intention to maintain a gross debt-to-EBITDA ratio of approximately 2x, and annual dividend payout of about 50% of free cash flow. + We expect the company's ongoing solid operating performance will enable it to maintain leverage between 2x-3x. + We are raising the corporate credit rating on Broadcom to '###-'. + We are also affirming all of the issue-level ratings on the company's debt. + The outlook is stable reflecting our expectation that Broadcom will manage future acquisition spending in a manner consistent with its stated financial policy and maintain leverage under 3x. NEW YORK (S&P Global Ratings) Dec. 22, 2016--S&P Global Ratings today said it raised its corporate credit rating on Singapore-based Broadcom Ltd. to '###-' from '##+'. The outlook is stable. At the same time, we affirmed the '###-'issue level ratings on the company's secured debt and the '##+' issue level ratings on the unsecured notes. We are withdrawing the recovery ratings...
