Moody's: Amphenol notes Baa2

Moody's Investors Service said it rated Amphenol Corp.'s proposed $500 million senior unsecured note offering Baa2.

The Baa2 long-term debt rating reflects Amphenol's leading market positions across multiple market segments of the connector and cable industries, Moody's said.

The strong financial profile, as evidenced by low leverage, solid interest coverage, and strong cash flow generating capabilities, helps mitigate volatility in revenues and operating profit that arises from the cyclical nature of connector and cable markets and the company's exposure to unpredictable commodity and energy prices.

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