Moody's assigns Alliant Techsystems notes B2

Moody's Investors Service said it assigned a B2 rating to Alliant Techsystems Inc.'s proposed senior subordinated notes due 2016 and has affirmed all of the company's existing ratings, including the corporate family rating of Ba3.

The outlook is stable.

Moody's said the ratings continue to reflect the strong and stable financial performance and cash flow generation that has ensued from successful integration of recent acquisitions amidst a favorable industry environment.

The ratings also consider the company's relatively high leverage, the high level of goodwill in the company's asset base, as well as a sizeable under-funded pension plan, the agency noted.

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