NEW YORK (Standard&Poor's) Jan. 6, 2008--Standard&Poor's Ratings Services today assigned its 'BBB+' rating to Tyco International Finance S.A. (TIFSA)'s issuance of $750 million 8.5% senior unsecured notes due in 2019. These notes are guaranteed by parent company Tyco International Ltd. (Tyco; BBB+/Positive/A-2), and are a drawdown from Tyco's and TIFSA's existing mixed shelf registration. Terms of the issuance include a put provision, exercisable at the option of the holders in 2014. The company will use the proceeds from the notes to repay existing indebtedness, including a portion of its outstanding borrowings under its revolving credit facility and unsecured notes due in January 2009. "The ratings on Tyco reflect the company's strong business profile, which benefits from
