S&P rates Advanced Integration CCR, facility B+

S&P said it assigned its B+ corporate credit rating to Advanced Integration Technology LP (AIT).

The outlook is stable.

At the same time, the agency assigned its B+ issue-level rating and 3 recovery rating to the company's proposed first-lien credit facility. The 3 recovery rating indicates an expectation for meaningful recovery (50%-70%; lower half of the range) in a payment default scenario.

"Our ratings on AIT reflect the company's small size and narrow scope of operations compared with other aerospace and defense (A&D) companies that we rate," S&P credit analyst Tennille Lopez said in a news release.

"It also incorporates the company's limited program and customer diversity, although this is common for A&D suppliers."

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