We expect Schaffhausen, Switzerland-based global connectivity and sensors solutions designer and manufacturer TE Connectivity Ltd. to return the majority of its sales proceeds from the divestitures of its broadband networks solutions business, in spite of its announced acquisition of Creganna Medical Group in February 2016. We are affirming our 'A-' corporate credit rating on the company, revising our assessment of its financial risk profile to modest from minimal, and applying a one-notch rating uplift from our 'bbb+' initial analytical outcome ("anchor"). The stable rating outlook reflects our view that the company will continue to deliver consistent earnings performance and strong cash generation, despite challenging market conditions. On March 14, 2016, Standard&Poor's Ratings Services affirmed its 'A-' corporate credit
