NEW YORK (Standard&Poor's CreditWire) Nov. 14, 2000--Standard&Poor's today affirmed its ratings on Tyco International Ltd. (single-'A'-minus/Stable/'A-2') and related entities following Tyco's announcement that it has agreed to acquire Lucent Technologies' Power Systems business unit (LPS) for $2.5 billion in cash. The outlook remains stable. LPS is a major provider of a broad range of power-generating equipment to telecommunications service providers and the telecommunications and computer OEM markets. This transaction provides a new platform for Tyco in a fragmented, but growing, sector of the electronics business and is expected to offer significant cost savings opportunities. The ratings reflect Tyco International Ltd.'s leading market positions, business breadth, superior cash flow generation, and moderate financial policies, tempered by an
