Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3' - S&P Global Ratings’ Credit Research

Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3'

Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3' - S&P Global Ratings’ Credit Research
Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3'
Published Jan 30, 2009
943 words — Published Jan 30, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 30, 2009, Standard&Poor's Ratings Services lowered its long-term ratings on Tyco Electronics Ltd. and Tyco Electronics Group S.A. The corporate credit rating on Tyco Electronics Ltd. was lowered to 'BBB-' from 'BBB', and the rating outlook is negative. At the same time, we lowered the short-term corporate credit and commercial paper ratings on the company to 'A-3' from 'A-2'. The ratings downgrade reflects a sharp falloff in revenues and operating profitability in the December 2008 quarter, which we believe will not be reversed over the near term, and which could lead to substantially increased debt leverage in coming quarters. The 'BBB-' rating reflects a leading market share in the connector industry, substantial customer diversity, and adequate

  
Brief Excerpt:

RESEARCH Research Update: Tyco Electronics Long-Term Rating Lowered To '###-'; Short-Term To 'A-3' Publication date: 30-Jan-2009 Primary Credit Analyst: Bruce Hyman, New York (1) 212-438-7838; bruce_f_hyman@standardandpoors.com Rationale...

  
Report Type:

Research Update

Ticker
TEL
Issuer
TE Connectivity Ltd.
GICS
Electronic Manufacturing Services (45203020)
Sector
Global Issuers
Country
Bermuda
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3'" Jan 30, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tyco-Electronics-Long-Term-Rating-Lowered-To-BBB-Short-Term-To-A-3-699392>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Tyco Electronics Long-Term Rating Lowered To 'BBB-'; Short-Term To 'A-3' Jan 30, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tyco-Electronics-Long-Term-Rating-Lowered-To-BBB-Short-Term-To-A-3-699392>
  
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