Moody's rates Harris notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Harris Corp.'s proposed $300 million of senior notes offering and affirmed the company's existing long-term debt ratings, including the Baa2 senior unsecured rating.

The outlook is stable.

The ratings reflect Moody's expectation for continued generation of consistent free cash flow as well as improvement in the growth and profitability of the company's microwave and broadcast communications businesses.

The company's Leitch acquisition is expected to compliment Harris' businesses in broadcasting products and services, the agency said.

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