Moody’s affirms Leidos

Moody's Investors Service said it affirmed the ratings of Leidos Holdings, Inc., including the Ba1 corporate family rating, following the company's definitive agreement to combine with Lockheed Martin's Information Systems & Global Solutions (IS&GS) business, in a transaction that values IS&GS at about $5 billion.

The outlook remains negative.

Moody’s said the affirmation factors in its view of better competitiveness from the planned business combination and an environment for defense services contractors that has improved with stability and better visibility in the U.S. defense outlays.

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