NEW YORK (Standard&Poor's) Sept. 28, 2007--Standard&Poor's Ratings Services said today that its ratings on Bermuda-based Tyco Electronics Ltd. (BBB/Stable/--) are not affected by the company's announcement that it has approved a $750 million share repurchase program. Refinancing concerns largely have been alleviated through the company's recent issuance of $2.05 billion of long term debt, proceeds of which were used to reduce outstanding under the bridge facility. Further, the maturity date of the facility has been extended to April, 2009. We expect the program to be administered in a disciplined manner, and to remain within bounds of its discretionary cash flow.
