S&P affirms Aerojet Rocketdyne

S&P said it affirmed its B+ issuer credit rating on Aerojet Rocketdyne Holdings Inc.

The outlook is stable.

The agency said the stable outlook reflects a belief that the company's credit metrics will improve modestly over the next two years, despite flat revenues in fiscal year 2019.

However, potential future acquisitions could offset some of the improvement in ratios, S&P noted.

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