Fitch lifts Alliant

Fitch Ratings said it upgraded Alliant Techsystems Inc.'s issuer default ratings to BB+ from BB.

The outlook is stable.

The upgrade is supported by the company's strong credit metrics and lower leverage, which resulted from the retirement of $300 million of 2.75% convertible senior subordinated notes in September, the agency said.

Additionally, the ratings are supported by consistently positive free cash flow and steady margins, added.

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