S&P ups Lockheed Martin debt to BBB+

Standard & Poor's said it raised its long-term corporate credit and senior unsecured debt ratings on Lockheed Martin Corp. to BBB+ from BBB.

The A-2 short-term corporate credit rating is affirmed. The outlook is stable.

S&P said the upgrade reflects an improved financial profile, stemming from stronger earnings and debt reduction.

The action also incorporates S&P's expectations that the company will continue to pursue a balanced financial policy and capital allocation from its sizable cash flow.

© 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.