(Reuters) - "The rating downgrades for Tyco are consistent with Fitch's
expectations for the company's financial and operating profile
upon completion of the separation transaction," Fitch said in a
statement.
The rating company cut Tyco's issuer default rating and
senior unsecured notes one notch to "BBB," the second-lowest
investment grade ranking, from "BBB-plus."
Read more at Reuters.com Bonds News
expectations for the company's financial and operating profile
upon completion of the separation transaction," Fitch said in a
statement.
The rating company cut Tyco's issuer default rating and
senior unsecured notes one notch to "BBB," the second-lowest
investment grade ranking, from "BBB-plus."
Read more at Reuters.com Bonds News
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