CommScope Holding Co. Inc. Rating Is Off CreditWatch On TE Connectivity Deal; Debt Ratings Still On CreditWatch

Global telecommunications infrastructure solutions provider CommScope Holding Co. Inc. intends to issue $2.75 billion in debt to support its acquisitions of TE Connectivity's Broadband Network Solutions business. We are removing our 'BB-' corporate credit ratings on the company from CreditWatch, where we placed them with negative implications on Jan. 28, 2015. Our ratings on the company's debt remain on CreditWatch pending details of the $2.75 billion in new debt. The stable outlook reflects our view that the company's good market positions, along with its track record of integrating acquisitions, capturing cost saving opportunities, and reducing leverage, provide support for the rating. SAN FRANCISCO (Standard&Poor's) May 8, 2015--Standard&Poor's Ratings Services today said it removed its 'BB-' corporate

... provider CommScope Holding Co. Inc. intends to issue $2.75 billion in debt to support its acquisitions of TE Connectivity's Broadband Network Solutions business. + We are removing our '##-' corporate credit ratings on the company from CreditWatch, where we placed them with negative implications on Jan. 28, 2015. + Our ratings on the company's debt remain on CreditWatch pending details of the $2.75 billion in new debt. + The stable outlook reflects our view that the company's good market positions, along with its track record of integrating acquisitions, capturing cost saving opportunities, and reducing leverage, provide support for the rating. SAN FRANCISCO (Standard & Poor's) May 8, 2015--Standard & Poor's Ratings Services today said it removed its '##-' corporate credit ratings on Hickory, N.C.-based CommScope Inc. and CommScope Holding Co. Inc., where they were placed with negative implications on Jan. 28, 2015. The outlook is stable....

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