NEW YORK (Standard&Poor's CreditWire) Nov. 28, 2000--Standard&Poor's today assigned its single-'A'-minus rating to Tyco International Ltd.'s $4.7 billion Liquid Yield Option Notes (LYONS) due 2020. At the same time, Standard&Poor's affirmed its existing ratings on Tyco International Ltd. The outlook is stable. The LYONS, which were issued under Rule 144A with registration rights, are senior, unsecured, zero-coupon securities. They are convertible into Tyco common stock under certain circumstances. In addition, holders may require Tyco to purchase all or a portion of these securities at specified dates and prices. Proceeds of about $3.4 billion are expected to be used to finance the planned $2.5 billion acquisition of Lucent Power Systems and repay a portion of
