S&P: Kaman unaffected

Standard & Poor's said ratings on Kaman Corp. (BBB-/stable) are not affected by its announcement that it acquired Brookhouse Holdings Ltd. (not rated) for $85 million.

The acquisition was funded with revolver borrowing, which will result in a modest deterioration in Kaman's currently strong credit protection measures, according to S&P.

Brookhouse's business complements Kaman's existing aerostructures business and adds new programs and markets, the agency said.

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