...- We expect the deterioration in global economic growth because of COVID-19-related disruptions and sharp manufacturing and production curtailment globally to pressure TE Connectivity's transportation and industrial segments in 2020 before recovering in 2021. - We are lowering our expectations and expect revenue declines across the company's operating segments and margin pressures in fiscal 2020, with a mid-teen percent year-over-year revenue decrease in the transportation segment, which is TE Connectivity's largest revenue and profit contributor. - We are revising our outlook to negative from stable and affirming all of our ratings including our 'A-' issuer credit rating on TE Connectivity. - The negative outlook reflects our expectation for weak global growth and automotive sales, which will drive total revenue declines of 12%-15% in fiscal 2020 for TE Connectivity. Although we expect a recovery in 2021, the outlook also considers the increased operational uncertainty over the next 12-24...
