Moody's ups Harris Corp.

Moody's Investors Service said it concluded its review for Harris Corp. and upgraded its senior unsecured ratings to Baa1 from Baa2. The ratings were placed under review for upgrade on June 1.

The commercial paper rating remains unchanged at Prime-2.

The outlook is stable.

The upgrade to Baa1 is supported by the company's continued success in key divisions over the past several years and by its conservative capital structure and prudent use of leverage for acquisitions, the agency said.

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