Fitch affirms General Dynamics

Fitch Ratings said it affirmed the A long-term and F1 short-term issuer default rating and debt ratings for General Dynamics Corp. with a stable outlook.

Key factors that support the ratings include the solid credit metrics, strong free cash flow, financial flexibility and liquidity position, high defense spending levels, competitive position in business jets and defense sectors and large backlog, the agency noted.

General Dynamics' conservative financial profile and effective operating strategy helped the company maintain a strong credit profile through the economic downturn, Fitch added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.