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Fitch Rates Tyco International's Planned Sr Unsecured Notes 'A-'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'A-' to Tyco International Finance S.A.'s (TIFSA) planned 10- and 30-year fixed-rate senior unsecured notes. Proceeds will be used to fund the redemption of existing debt, including approximately $364 million of 8.5% notes due 2019, and for general corporate purposes. Fitch expects Tyco will use the majority of proceeds from the planned notes to repay existing debt and any related costs. The new notes are guaranteed by Tyco Intern

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