S&P cuts TASC loan to BB-

Standard & Poor's said it lowered its ratings on TASC Inc.'s senior secured term loan B to BB- from BB following a $65 million term loan add-on, bringing the aggregate dollar amount of the senior secured term loan B to $640 million.

The agency said it also revised the recovery rating to 2 from 1. The 2 recovery rating indicates an expectation of substantial recovery of principal in the event of a payment default.

The B+ corporate credit and stable outlook on TASC remain unchanged.

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