Moody's might lower Leidos

Moody's Investors Service said it placed the Baa2 senior unsecured ratings of Leidos Holdings, Inc. under review for downgrade following revenue contraction, executive turnover and weaker than expected credit metrics.

The review will center around the extent to which revenue, earnings and cash flow may weaken over the intermediate-term and the resulting impact on credit metrics. The willingness of Leidos to continue aggressively returning cash to shareholders will also be covered in relation to the weaker operating performance and the company's liquidity profile. Moody's expects to conclude the review before mid-year.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.