Avago Technologies Cayman Finance Ltd. -- Moody's removes provisional status from Avago Cayman's ratings upon closing of Broadcom acquisition

New York, February 08, 2016 -- Moody's Investors Service ("Moody's") assigned a Ba1-PD Probability of Default Rating ("PDR") and an SGL-1 Speculative Grade Liquidity ("SGL") rating to Avago Technologies Cayman Finance Ltd. ("Avago Cayman") following the February 1st closing of Avago Cayman's acquisition of Broadcom Corp. ("Broadcom"). Moody's has also removed the provisional status from Avago Cayman's Corporate Family Rating ("CFR") and Senior Secured Credit Facilities rating. Moody's will withdraw all of the ratings of Avago Technologies Finance Pte. Ltd. ("Legacy Avago") at the close of business, since Avago Cayman repaid all of Legacy Avago's debt upon closing of the Broadcom acquisition. Avago Cayman's rating outlook is positive.

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