Moody’s changes SAIC view to stable

Moody’s Investors Service said it changed Science Applications International Corp.’s (SAIC) outlook to stable from negative and concurrently affirmed all of its ratings, including the Ba2 corporate family rating.

“Moody’s changed the rating outlook to stable from negative because SAIC’s integration of Unisys Federal has proceeded smoothly and, with recent and upcoming debt repayment since the March 2020 acquisition, we anticipate that leverage will decline to low 3x in FY202,” said Moody’s lead analyst Bruce Herskovics in a press release.

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