| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Kratos Defense & Security Solutions, Inc. > News item |
S&P lowers Kratos Defense view to negative
Standard & Poor’s said it revised the outlook on Kratos Defense & Security Solutions Inc. to negative from stable.
The agency also said it affirmed all of the ratings on the company, including its B- corporate credit rating.
The negative outlook reflects the potential for a downgrade if the company is unable to improve its very weak credit metrics and remedy its free cash flow deficit, S&P said.
The company’s debt-to-EBITDA ratio was about 11x in 2015, compared with an expectation for a debt-to-EBITDA ratio of 7.5x to 8.5x, the agency said.
The company also posted $41 million of negative free cash flow for the year, S&P 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.