S&P puts Perspecta on watch

S&P said it placed its BB ratings for Perspecta Inc. and its debt on CreditWatch with negative implications on news it agreed to be acquired by Peraton Corp.

“The negative CreditWatch placement reflects the potential that we would lower our ratings on Perspecta after lower-rated Peraton acquires it. The CreditWatch does not apply to Perspecta's Enterprise Solutions LLC notes, which benefit from a guarantee from HP Inc. We expect to reassess our ratings on Perspecta after the acquisition closes,” the agency said in a press release.

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