|
|
 |
|
Viewing report
|
|
|
|
Alliant Techsystems Inc. Jun 11
Standard & Poors, June 2011
Abstract
Leading market positions in solid rocket motors and small-caliber ammunition; and Healthy backlogs provide good visibility to near-term revenues and profits. Periodic surges in leverage to accomplish acquisition-based growth strategy; and Need to replace lost earnings related to manned space programs. The ratings on Alliant Techsystems Inc. (ATK) reflect Standard & Poors Ratings Services' view of its business risk as satisfactory with significant financial risk. In evaluating ATK's financial profile, we take account of potential increases in debt to pursue acquisitions. Historically, ATK has shown a tendency to incur debt for acquisitions. Additional acquisitions are likely in the near future as a means to offset a decline in its space-related business. ATK benefits from leading market positions in its niche...
Companies mentioned in this report are: Alliant Techsystems Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
