Berwyn, Pa.-based designer and manufacturer of connectivity devices TE Connectivity has continued to grow revenues and improve its profitability and product portfolio, while reducing outstanding debt. We base our 'a-' anchor on our "satisfactory" business risk and "minimal" financial risk profile assessments of the company. We are raising our corporate credit rating on TE Connectivity to 'A-' from 'BBB+'. The modifiers have no impact on the rating. The stable outlook reflects our belief that the company will continue to deliver consistent earnings performance and strong cash generation, despite challenging market conditions. NEW YORK (Standard&Poor's) March 25, 2014--Standard&Poor's Ratings Services today said it raised its corporate credit rating on TE Connectivity Ltd. to 'A-' from 'BBB+'. The
