S&P: Finmeccanica still on watch

Standard & Poor's said the BBB long-term and A-2 short-term corporate credit ratings on Finmeccanica SpA remain on CreditWatch with negative implications, where they were placed on May 13, following the group's definitive agreement to acquire DRS Technologies Inc. (BB-/Watch positive) for $5.2 billion, including $1.2 billion in net debt.

The watch reflects the increase in debt required to fund the acquisition, which could place financial ratios under pressure at the BBB level, S&P noted.

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