On June 29, 2019, Harris Corp. and L3 Technologies Inc. closed their all-stock merger. The combined company is now called L3Harris Technologies Inc.(L3Harris). We are raising our issuer credit rating on L3Harris to 'BBB' from 'BBB-' and are removing all of our ratings on the company from CreditWatch, where we placed them with positive implications on Oct. 16, 2018. At the same time, we are raising our issue-level rating on the company's unsecured debt, including the debt remaining at L3 Technologies Inc. (which will become a subsidiary of the new company), to 'BBB' from 'BBB-'. We are also raising our short term issuer credit rating on L3Harris as well as its commercial paper program to 'A-2' from 'A-3'. The stable
