On April 24, 2007, Standard&Poor's Ratings Services assigned a proposed 'BBB' corporate credit rating to Bermuda-based Tyco Electronics Ltd., the connector and other electronics-related businesses that will be spun off from Tyco International Ltd. during the second calendar quarter of 2007. The outlook is stable. Tyco Electronics generated $12.8 billion in net revenues in fiscal 2006 ended September. The operations include four segments: Electronic Components, Network Solutions, Wireless Systems and Other. The operations are dominated by the Electronic Components, about 73% of the total. At inception, the company is expected to have about $3.9 billion of adjusted debt, including operating leases and pension liabilities. The ratings reflect a satisfactory business profile, grounded in the strong market position of
