Molex Electronic Technologies LLC (MET) plans to issue a $2.26 billion senior revolving credit facility, of which it will initially draw down $1.9 billion to help pay for the purchase of electronic component manufacturer Molex Inc. by Koch Industries Inc. We are assigning a 'BBB' corporate credit rating to MET. The company's standalone credit profile is 'bbb-', which gives it a one-notch uplift reflecting its moderately strategic importance to its ultimate parent Koch Industries Inc. At the same time we are assigning a 'BBB' issue-level rating to the credit facility. The stable outlook reflects the company's good market position and consistent operating performance, despite challenging market conditions. On Nov. 7, 2013, Standard&Poor's Ratings Services assigned a 'BBB' corporate
