Moody's ups CACI liquidity to SGL-1

Moody's Investors Service said it upgraded the speculative grade liquidity rating of CACI International Inc to SGL-1 from SGL-2, reflecting the company's very good liquidity profile.

Moody's said the upgrade reflects strong projected cash flows, anticipated reductions in borrowings under the revolving credit facility and substantial cushion under the company's bank covenants.

Moody's said it anticipates that the company's cash flow generation will remain strong as it benefits from the continued growth of the United States' defense and intelligence budgets.

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