S&P might cut SAIC

Standard & Poor's said it placed the ratings on SAIC Inc., including the A- corporate credit rating and senior unsecured rating, on CreditWatch with negative implications.

S&P said the CreditWatch listing follows SAIC's announcement that it plans to separate and subsequently spin-off its Services business from its Solutions business.

"The spin-off is expected to improve business performance by allowing better alignment of the separate businesses to their individual markets," S&P credit analyst David Tsui said in a news release.

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