S&P lowers Hunter Defense

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

The agency also said it lowered the ratings on its first-lien debt one notch to BB- and revised the recovery rating to 2 from 1.

Its B+ corporate credit rating was affirmed.

The outlook revision is based on near-term demand uncertainty combined with earnings lower than expected, S&P said.

Hunter has experienced delays in orders due to the late signing of the fiscal 2012 defense budget, pressure on future U.S. defense budgets and changing mission requirements, the agency said.

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