Moody's may still cut Tyco

Moody's Investors Service said it will continue its review for possible downgrade of the A3/Prime-2 ratings of Tyco International Finance SA.

Earlier this week, Tyco announced several transactions which represent further progress in its plan to separate into three public entities later this year, the agency said.

Those developments represent a collection of financings which: raise funds and establish a credit facility at ADT Corp., Moody's added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.