NY -- Standard&Poor's CreditWire 11/24/1998 -- Standard&Poor's today affirmed its ratings on AlliedSignal Inc. and its related entity and removed all ratings from CreditWatch, where they were placed Aug. 5, 1998. The outlook is stable. The ratings action follows the announcement of a definitive agreement by Tyco International Ltd. to buy AMP Inc. in a stock transaction currently valued at about $11.3 billion and AlliedSignal's response that it is not willing to top Tyco's bid. AlliedSignal has previously made a $9.8 billion all-cash unsolicited offer to acquire AMP. AlliedSignal now has indicated that it will resume the two-year $2.2 billion share repurchase program and ongoing niche acquisitions. In view of AlliedSignal's strong earnings and cash flow
