New York, June 29, 2016 -- Moody's Investors Service ("Moody's") upgraded Molex Electronics Technologies LLC's issuer and unsecured ratings to Baa2 from Baa3. The upgrade was driven by the strong business profile of the business and expectation that the company and its owners, Koch Industries, Inc. will maintain conservative financial policies including maintaining leverage under 3x through most of the business cycle. The ratings outlook is stable.
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