S&P: Lockheed view to stable

Standard & Poor's said it affirmed its A- corporate credit rating and A-2 short-term rating on Lockheed Martin Corp.

The outlook was revised to stable from negative.

"The outlook revision reflects our belief that Lockheed Martin will be able to generate significant free cash flow despite lower demand from the U.S. government, resulting in credit ratios that, although lower than in 2012, will remain appropriate for the rating," S&P credit analyst Christopher DeNicolo said in a news release.

© 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.