...NEW YORK (Standard & Poor's) Sept. 9, 2015--Standard & Poor's Ratings Services today assigned its '###+' issue-level rating to Tyco International Finance S.A. 's senior unsecured notes to be issued with varying maturities. Tyco International Finance is a subsidiary of Tyco International PLC, which guarantees the new notes. We expect Tyco will use proceeds of the note offering for general corporate purposes, including the refinancing of debt. The existing ratings on Tyco, including the 'A-' long-term corporate credit rating and the 'A-2' short-term corporate credit rating, remain unchanged. The outlook is stable. Our ratings on Tyco International PLC reflect our assessment of the company's "strong" business risk profile, based on its position in the global fire and security market, and "modest" financial risk profile, which its good operating performance, cash flow generation, and balanced capital allocation policies support. RELATED CRITERIA AND RESEARCH Related Criteria + Methodology And...
