- Language: English
- Published: March 2012
- Region: Global
Summary: Tyco International Ltd. Dec 11
- ID: 2031309
- December 2011
- Region: Global
- Standard & Poors
The ratings on Schaffhausen, Switzerland-based Tyco International Ltd. reflect the company's strong business risk profile and its intermediate financial risk profile, under Standard & Poor's Ratings Services' criteria. We placed our ratings on the company, including the 'A-' corporate credit rating, on CreditWatch with negative implications on Sept. 19, 2011, following the announcement that Tyco plans to separate into three independent companies. Tyco intends to spin off both its ADT North American residential security business and its flow control business and would retain the commercial security and fire-protection businesses. The proposed separation is subject to various conditions, including tax rulings and approval by Tyco's shareholders; the company expects to complete the separation during the third quarter of 2012. At this...
Companies mentioned in this report are: Tyco International Ltd.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >