NEW YORK (Standard&Poor's) Aug. 3, 2005--Standard&Poor's Ratings Services said today that it raised its corporate credit and senior unsecured ratings on Pembroke, Bermuda-based Tyco International Ltd. and subsidiaries to 'BBB+' from 'BBB' and affirmed the 'A-2' commercial paper rating on subsidiary Tyco International Group S.A. At July 1, 2005, the global diversified manufacturer had about $15.3 billion of total debt outstanding. The ratings have been removed from CreditWatch with positive implications, where they were placed on July 15, 2005. The outlook is now positive, and there is potential for another positive rating action within the next 18 months. "The upgrade reflects Tyco's progress in strengthening its credit profile, and our opinion that the company continues to
