S&P affirms Serco DES

Standard & Poor's said it affirmed the A- issuer credit and senior secured debt ratings on Serco DES Inc.

The outlook is stable.

The ratings reflect the company's strong business risk profile, proven operator and satisfactory financial risk profile that includes a supportive covenant package, S&P said.

The company's modest volume risk and a lack of rate-setting autonomy somewhat offsets these strengths, the agency said.

Management continues to demonstrate its expertise in carrying out the company's operations, S&P said.

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