...NEW YORK (Standard & Poor's) Feb. 20, 2015--Standard & Poor's Ratings Services today assigned its '###+' issue rating to Tyco International Finance S.A.'s euro-based senior unsecured notes. 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, are unchanged. The outlook is stable. Standard & Poor's 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 is supported by its good operating performance, cash flow generation, and balanced capital allocation policies. (For the latest corporate credit rating rationale, see Standard & Poor's summary analysis on Tyco, published May 5, 2014, on...
