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Bulletin: Tyco International Ltd. Ratings Unaffected By Announcement Of Stock Repurchase Product Image

Bulletin: Tyco International Ltd. Ratings Unaffected By Announcement Of Stock Repurchase

  • Published: April 2011
  • Region: Global
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
NEW YORK (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that Tyco International Ltd.'s (Tyco; A-/Stable/A-2) announcement that its board of directors has authorized the repurchase of up to $1 billion of common stock does not affect the company's ratings or outlook. We do not believe the announcement signals a leveraging event. We expect that the company will pursue READ MORE >

Tyco International Ltd.

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