Moody’s upgrades CACI SGL

Moody's Investors Service said it affirmed all debt ratings on CACI International, Inc., including the Ba2 senior secured and corporate family rating.

The agency also upgraded the speculative grade liquidity rating to SGL-2 from SGL-3, denoting a good liquidity profile.

The outlook is stable.

The agency said the company’s ratings incorporate credit metrics that are in line with other companies also at the Ba2 rating level, and the favorable characteristics of its business model including competitive labor, strong bid qualifications and a broadening range of national security related service contracts.

“The company's historically strong task execution record, investment of free cash flow in acquisitions and success at integrating those investments is helping CACI evolve as the defense service sector consolidates,” Moody’s said in a news release.

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