S&P rates Federal Info Tech loan B+

Standard & Poor's said it assigned its B+ corporate credit rating to Federal Information Technology Systems LLC and assigned its B+ bank loan rating and 3 recovery rating to the company's proposed $90 million secured credit facility.

The outlook is stable.

S&P said the ratings on Federal Information Technology reflect a modest scale of operations, limited product and program diversity, competitors that are much larger and the likelihood of debt-financed acquisitions. These factors are offset somewhat by leading positions in niche markets for intelligence analysis tools and high operating margins.

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