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Published on 7/9/2021 in the Prospect News Bank Loan Daily.

Moody's eyes Alion Science for upgrade

Moody's Investors Service said it placed Alion Science and Technology Corp.’s ratings under review for upgrade. The action includes the company's B1 corporate family rating, the Ba1 first-out/first-lien revolving credit facility, the B1 second-out/first-lien term loan and the company's B1-PD probability of default rating.

The review for upgrade was prompted by the company's planned sale to Baa3-rated Huntington Ingalls Industries, Inc., Moody’s said.

The agency said it plans to complete the review upon the sale’s close or termination of the merger pact.


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