BRIEF-Moody's upgrades TNB note to A2; outlook stable
May 31 (Reuters) - Moody's Investors Service upgraded Thomas & Betts Corporation's ("TNB") senior unsecured note to A2 from Baa2. The action follows ABB Ltd of Switzerland ("ABB"; A2/Prime-1/stable) extending a guarantee on the $250 million obligation and completes a review for possible upgrade announced on January 30, 2012. The rating outlook is stable, matching that of ABB.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video