...- We expect global economic growth, gradual recovery in key automotive end markets, and strong customer order growth will sustain TE Connectivity Ltd.'s improving operational performance and credit metrics in 2021 after they troughed in mid-2020. - We expect a revenue rebound in the mid- to high-single-digit percentages in fiscal 2021 after it fell about 10% in fiscal 2020 and expanding margins to support deleveraging to the mid-1x area over the next 12-18 months from about 1.9x as of Dec. 25, 2020. - We are revising our outlook to stable from negative and affirming all our ratings, including our 'A-' issuer credit rating, on TE Connectivity. - The stable outlook reflects our expectation for global growth in 2021 and steady improvement in automotive production to offset demand weakness in industrial and communications end markets, further supporting a sustained recovery over the next 12-24 months....
