S&P affirms Huntington Ingalls

S&P said it affirmed its ratings, including the BBB- corporate credit rating, on Huntington Ingalls Industries Inc.

The outlook is stable.

The agency said the affirmation reflects credit metrics that were better than expected in 2017 and good forecasts for 2018.

“Despite the company returning substantially all of its free cash flow to shareholders and possibly pursuing acquisitions, we expect credit metrics to remain strong in 2018 due to a declining pension obligation and the benefits of tax reform,” S&P said in a news release.

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