New York, August 19, 2013 -- Moody's Investors Service downgraded the ratings on The ADT Corporation's ("ADT") senior unsecured notes to Ba2 from Baa2 today. Concurrently, Ba2 Corporate Family ("CFR") and Ba2-PD Probability of Default ratings were assigned. The Prime-2 short-term commercial paper rating was withdrawn and a Speculative Grade Liquidity rating of SGL-1 was assigned. The ratings outlook is stable. This concludes the review for downgrade initiated on July 31, 2013 following ADT's announcement that it intends to raise target leverage to 3x debt/EBITDA over time.
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