Global electronics components and solutions provider Molex Electronic Technologies LLC announced that its board has authorized a new $1.5 billion commercial paper program. We are assigning our 'A-2' short-term rating to the company's proposed commercial paper program. In addition, we are affirming our 'BBB' corporate credit rating on Molex. The stable outlook reflects our expectation that the company will maintain its market position and consistent operating performance while upholding its existing financial policies. On July 15, 2016, S&P Global Ratings affirmed all ratings, including the 'BBB' corporate credit rating, on Lisle, Ill.-based Molex Electronic Technologies LLC. The outlook is stable. We also assigned our 'A-2' short-term corporate credit rating to Molex and our 'A-2' short-term rating to its proposed $1.5
