NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken various rating actions on Exelis Inc. (XLS) after the company's acquisition by Harris Corporation (HRS) on May 29, 2015. Fitch has removed from Rating Watch Negative and downgraded XLS' long-term Issuer Default Rating (IDR), senior unsecured facilities and senior unsecured notes to 'BBB-' from 'BBB+' and its short-term IDR to 'F3' from 'F2'. Simultaneously, Fitch has withdrawn the long- and short-term IDRs. A complete list of rating actions fol
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