Tyco Electronics Group S. A., the direct wholly owned subsidiary of TE Connectivity Ltd., a global provider of electronic components and specialty products, announced today that it expects to issue a total of $750 million of senior unsecured notes in two tranches. The company intends to use the proceeds from the proposed notes for general corporate purposes, which includes funding a portion of the previously announced purchase of the share capital of Deutsch Group, and repayment of debt, including the outstanding 6.00% senior notes due Oct. 1, 2012 at their maturity. We are affirming our 'BBB' corporate credit rating on TE, and assigning a 'BBB' issue rating to the proposed notes. The positive outlook reflects our expectations that leverage will
