Fitch assigns L3Harris notes BBB

Fitch Ratings said it assigned L3Harris Technologies, Inc.’s (LHX) new senior unsecured notes a long-term BBB rating.

“Fitch considers the transaction to be credit neutral, and it is generally in line with the agency’s base-case assumptions. Fitch currently rates LHX and its subsidiary L3 Technologies (LLL) BBB. Fitch also rates the senior unsecured notes of both entities BBB,” Fitch said in a press release.

Proceeds will be used to refinance the company’s $650 million of notes due in February 2021.

The outlook is positive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.