Fitch: Avago Technologies' Ratings Unaffected by Cash Settlement of $1B Convertible Notes

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings believes the ratings for Avago Technologies Ltd. (Avago), including the 'BB+' long-term Issuer Default Rating (IDR), are unaffected by the conversion of $1 billion of convertible notes. A list of current ratings follows at the end of this release. Pro forma for the conversion payment, Fitch believes liquidity remains solid and does not impact the company's ability to fund a portion of the recently announced Broadcom Corp. (Broadcom) acquisition with avail

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