Moody's rates Alion loan B1

Moody's Investors Service said it assigned a B1 senior implied rating to Alion Science and Technology's proposed $130 million senior secured credit facilities and a speculative grade liquidity rating of SGL-3.

More specifically, Moody's assigned a B1 rating to the $30 million senior secured revolving credit facility and the $100 million senior secured term loan B, a B1 senior implied rating, and a B2 senior unsecured issuer rating.

The outlook is stable.

Moody's said the ratings reflect the company's high leverage including its junior capital, acquisition history, and moderate revenue base. The ratings also reflect the company's diversified revenue base, the country's growing defense budget, high quality receivables, and significant contract backlog.

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