NEW YORK (Standard&Poor's) April 24, 2007—Standard&Poor's Ratings Services said today that its 'BBB+' corporate credit rating and all other ratings on Tyco International Ltd. remain on CreditWatch with negative implications, where they were placed on Nov. 16, 2005, following Tyco's announcement that the company would consider a full range of options to unlock shareholder value. On Jan. 13, 2006, Tyco announced that its board of directors had approved a plan to separate Tyco International into three independent, publicly-traded companies: one for the healthcare businesses (Covidien); one for the electronics businesses (Tyco Electronics); and one for the fire and security and engineered products and services businesses (Tyco International). Standard&Poor's said today that following the completion
