HAR - Harman International Industries

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  • Moody's2 months ago

    Harman Finance International S.C.A. -- Moody's upgrades Harman to Baa1, outlook stable

    Moody's Investors Service ("Moody's") upgraded Harman International Industries, Inc.'s ("Harman") senior unsecured rating to Baa1. Moody's increased the rating uplift related to the Samsung Electronics Co., Ltd. ("Samsung," Aa3, stable) ownership to two notches, raising Harman's senior unsecured rating to Baa1. The increased ratings uplift reflects the greater strategic coordination of Harman's operations into Samsung over the past year, particularly in the Connected Car segment, utilizing Samsung's displays in Harman's automotive infotainment systems, and in Lifestyle Audio, pairing Harman's AKG earbuds with several generations of Samsung Galaxy smartphones.

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