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Prospect News home > News index > List of issuers L > Headlines for Leidos Inc. > News item
Published on 5/7/2020 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P rates Leidos notes BBB-

S&P said it assigned a BBB- rating to Leidos Inc.’s proposed senior unsecured notes.

Leidos will use the proceeds to repay debt.

“We expect the company's debt to EBITDA to be in the 3.5x-4x range and its funds from operations to debt to be in the 16%-20% range in 2020 before improving to the 2.8x-3.2x range and 20%-24% range, respectively, in 2021,” S&P said in a press release.


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