S&P: DigitalGlobe to negative

Standard & Poor's said it revised the outlook on DigitalGlobe Inc. to negative from stable.

The agency also said it affirmed its BB corporate credit rating.

The outlook revision reflects the heightened risk that the U.S. Department of Defense may consider scaling back the $7 billion enhanced view commercial satellite program, S&P said.

The agency said it believes that major reductions in the program would have significantly negative credit implications for DigitalGlobe, as well as its competitor GeoEye.

The program underpins the ratings, accounting for more than 60% of each company's revenues, S&P said.

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