S&P affirms Alion

Standard & Poor's said it affirmed its B+ corporate credit and senior secured debt ratings on Alion Science and Technology Corp. following the company's recently completed acquisition of John J. McMullen Associates Inc.

This acquisition, along with two other modest size acquisitions, was largely funded by a recently closed $72 million incremental term loan facility. The outlook is stable.

S&P said the acquisition of JJMA establishes Alion as a major U.S. Navy contractor with long-term contracts and relationships.

The ratings reflect Alion's relatively modest position in the highly competitive and consolidating government IT services market, an acquisitive growth strategy and high financial leverage, according to S&P.

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