Connector-manufacturer Tyco Electronics has posted a strong March quarter with revenues up 26% and improved operating profitability. Debt protection measures and liquidity have improved sequentially for the past year. We are placing our 'BBB-' corporate credit rating and all issue-level ratings guaranteed by Tyco Electronics Ltd., including the 'A-3' short-term rating, on CreditWatch with positive implications. On June 14, 2010, Standard&Poor's Ratings Services placed its 'BBB-' corporate credit rating on Tyco Electronics Ltd. on CreditWatch with positive implications. We also placed all ratings on Tyco Electronics Group SA on CreditWatch Positive. In line with the broad-based industry upturn, Tyco Electronics has experienced strong year-on-year sales growth, up 16% for the first six months of fiscal year 2010, and
