Leading connector market share in growing markets; Diverse end markets and geographic diversity; and Continued focus on cost reductions and margin improvement. Consistent and strong cash flow-generation profile; A balance of growth initiatives and shareholder returns; and Leverage of 1x, net of surplus cash, as of Sept. 25, 2015, expected to rise to the mid-1x area as the company completes its share repurchases with the majority of Broadband Networks Solutions (BNS) sale proceeds. The stable outlook on Schaffhausen, Switzerland-based global connectivity and sensors solutions designer and manufacturer TE Connectivity Ltd. reflects our view that the company will continue to deliver consistent earnings performance and strong cash generation, despite challenging market conditions. We could downgrade the company if it pursues more
