...+ Harris Corp. recently announced that it has agreed sell its government information technology (IT) services business to Veritas Capital. + The company plans to use the proceeds from the divestiture to contribute to its pension plan and repurchase some of its shares. + Therefore, we are affirming all of our ratings on defense contractor Harris Corp., including our '###-' corporate credit rating. + The stable outlook reflects that, although the company's credit ratios will be somewhat weaker than expected for the current rating in fiscal-year 2017, we expect that they will improve thereafter as Harris' adjusted debt levels decline and its organic growth resumes. WASHINGTON D.C. (S&P Global Ratings) Jan. 31, 2017--S&P Global Ratings said today that it has affirmed all of its ratings on Harris Corp., including our '###-' corporate credit rating. The outlook is stable. "The affirmation reflects our expectation that Harris' recently announced deal to sell its government IT services business...
