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BRIEF-Moody's upgrades TNB note to A2; outlook stable
May 30, 2012 / 11:48 PM / 5 years ago

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.

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