Moody's rates SAIC notes A3

Moody's Investors Service said it assigned an A3 rating to the proposed $750 million senior unsecured debt offering by SAIC, Inc.

The outlook is stable.

The proceeds will be used for general corporate purposes, including share repurchases.

The ratings reflect the company's good market position as a provider of engineering and technical service primarily to the United States government, Moody's said.

The stable outlook reflects expectations that SAIC will continue to demonstrate steady performance and maintain moderate financial leverage, the agency said.

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