(Reuters) - "The ratings reflect Tyco's business profile, which despite
the loss of the healthcare and electronics businesses will
still benefit from significant business and geographic
diversity and leading positions in large though fragmented and
highly competitive markets that have moderate growth
prospects," S&P said in a statement.
S&P cut Tyco's senior unsecured debt one notch to "BBB,"
the second-lowest investment grade ranking, from "BBB-plus."
The outlook is stable, indicating an additional ratings change
is not anticipated over the next two years.
Read more at Reuters.com Bonds News
the loss of the healthcare and electronics businesses will
still benefit from significant business and geographic
diversity and leading positions in large though fragmented and
highly competitive markets that have moderate growth
prospects," S&P said in a statement.
S&P cut Tyco's senior unsecured debt one notch to "BBB,"
the second-lowest investment grade ranking, from "BBB-plus."
The outlook is stable, indicating an additional ratings change
is not anticipated over the next two years.
Read more at Reuters.com Bonds News
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