S&P changes Kratos view to stable

Standard & Poor's said it revised its rating outlook on Kratos Defense & Security Solutions Inc. to stable from negative.

At the same time, the agency affirmed its ratings on the company, including the B corporate credit rating.

"The outlook revision reflects our view that there is less potential for disruption in demand and volatility surrounding our base-case forecast for Kratos than in the past due to a more certain outlook for near-term U.S. defense spending," S&P credit analyst Chris Mooney said in a news release.

"We continue to expect debt to EBITDA in the 6x-6.5x range over the next year, with improvement thereafter."

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