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Moody’s Investors Service

After $700M Florida deal, is Harris Corp. looking to sell its government radio business?

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Harris Corp. is casting doubt on the future of its public-sector business in Florida after reports emerged of plans to sell one of its key satellite communications companies. Last month, the Melbourne-based communications firm announced it would sell CapRock Communications to SpeedCast International Ltd. for an estimated $425 million. According to SpaceNews.com, Harris explained to investors earlier this year that a sharp maritime revenue decline is expected to continue, with a 25 percent revenue drop expected in next year despite…

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Tampa-Hillsborough Expressway Authority gets credit ratings boost, praise for “conservative approach”

in The Bay and the 'Burg/Top Headlines by

The Tampa-Hillsborough Expressway Authority’s financial outlook got a little brighter Tuesday after a major bond credit rating agency boosted its rating. Moody’s Investors Service bumped the expressway authorities credit rating from A3 to A2 and said it expects the authority’s “conservative approach to undertaking additional projects and debt” to keep it stable. “The upgrade to A2 reflects significant increases in traffic and revenues, which have broadened THEA’s traffic base by over 20 percent and driven meaningful improvements in financial margins…

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