Fitch Ratings said Wednesday that it has affirmed the Issuer Default Ratings of TE Connectivity Ltd. (TEL) and its wholly owned subsidiary, Tyco Electronics Group S.A. at 'BBB+'.
The Rating Outlook is Stable.
Fitch said the ratings and Stable Outlook reflect its belief that TE Connectivity's operating profile remains solid despite near-term headwinds. The European sovereign debt crisis and fledgling recovery in the United States should constrain organic revenue growth across TE Connectivity's operating segments, the rating agency noted.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.