NEW YORK (Standard&Poor's) Dec. 15, 2010--Standard&Poor's Ratings Services said today that it assigned its 'BBB' issue-level rating to senior unsecured notes issued by Luxembourg-based Tyco Electronics Group S.A. (TEGSA) and guaranteed by Tyco Electronics Ltd. (TEL). The company intends to use the proceeds for general corporate purposes, including replenishment of cash balances following the acquisition of ADC Communications. "The ratings on TEL reflect our expectation that revenue growth will continue in fiscal year 2011–-supported by moderate organic growth and the inclusion of recently acquired ADC Communications–-and that the company will maintain margins at recent levels," said Standard&Poor's credit analyst Lucy Patricola, "and the new debt will not affect TEL's credit protection measures. We calculate
