BRIEF-Moody's upgrades TNB note to A2; outlook stable

Wed May 30, 2012 7:47pm EDT

Related Topics

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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.