Moody's lowers SRA International, notes

Moody's Investors Service said it lowered ratings of SRA International, Inc., including the corporate family rating to B3 from B2.

The agency also lowered the company's $400 million 11% senior unsecured notes due 2019 to Caa2 from Caa1.

The outlook is stable.

Moody's said the downgrade reflects year-over-year revenue and backlog declines, and expectation of weakening credit metrics for the 2014 fiscal year.

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