Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive - S&P Global Ratings’ Credit Research

Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive

Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive - S&P Global Ratings’ Credit Research
Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive
Published Jun 14, 2010
Published Jun 14, 2010
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Abstract:

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. NEW YORK (Standard&Poor's) June 14, 2010--Standard&Poor's Ratings Services said today it 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

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Electronic Manufacturing Services (45203020)
Sector
Global Issuers
Country
Region
Latin America
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive" Jun 14, 2010. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tyco-Electronics-Ltd-BBB-Rating-Remains-On-Watch-Positive-804145>
  
APA:
S&P Global Ratings’ Credit Research. (). Tyco Electronics Ltd. 'BBB-' Rating Remains On Watch Positive Jun 14, 2010. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tyco-Electronics-Ltd-BBB-Rating-Remains-On-Watch-Positive-804145>
  
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