We believe that Switzerland-based Tyco International Ltd. has maintained a credit profile that supports a higher rating and expect it will continue to exhibit financial discipline to sustain credit quality. We are removing the ratings from CreditWatch with positive implications, and raising the long-term credit rating and senior unsecured debt ratings by one notch to 'A-' from 'BBB+'. We are affirming the 'A-2' short term and commercial paper ratings. The outlook is stable. On April 12, 2010, Standard&Poor's Ratings Services raised its long-term corporate credit rating on Schaffhausen, Switzerland-based Tyco International Ltd. and its senior unsecured ratings on Tyco's wholly owned subsidiary Tyco International Finance S.A. (TIFSA) to 'A-' from 'BBB+'. We also removed the ratings from CreditWatch,
