Tyco International Ltd. 'A-/A-2' Ratings Affirmed Upon Separation Completion, Outlook Stable; Debt Ratings Lowered Oct 12
- Language: English
- Published: October 2012
- Region: Global
The ratings on Tyco Capital Corp. were placed on CreditWatch with developing implications on Feb. 4, 2002. CreditWatch Developing implies that the ratings could be raised, lowered, or affirmed. The ratings reflect those of Tyco Capital's parent Tyco International Ltd. and in no way reflect a deterioration in fundamental credit quality at Tyco Capital. The ratings further incorporate Standard & Poor's view that Tyco Capital's ratings continue to be linked to those of its parent. The ratings also continue to reflect the company's conservative credit policies and strong management, as well as its improved capitalization and profitability since it was acquired by Tyco International Ltd. Tyco Capital has announced that it is taking a number of steps to distance itself...
Companies mentioned in this report are: CIT Group Inc.
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CIT Group Inc.