Computer Sciences Corp. 'A-' Rating Placed On CreditWatch Negative Jun 11
Standard & Poors, June 2011
Abstract
U.S. technology services provider Computer Sciences Corp.'s (CSC) adjusted debt to EBITDA has been somewhat high for the rating for a sustained period. Adjusted EBITDA levels have declined on a year-over-year basis in each of the last two quarters, in part reflecting weakness in CSC's North American public sector. CSC currently has limited leverage headroom for potential operating performance degradation or to pursue strategic growth opportunities. We are placing our 'A-' corporate credit rating on CSC on CreditWatch with negative implications. Standard & Poor's Ratings Services said today that it placed all of its long-term ratings, including the 'A-' corporate credit rating, on Falls Church, Va.-based Computer Sciences Corp. on CreditWatch with negative implications. At the same time, we affirmed...
Companies mentioned in this report are:
- Computer Sciences Corp.
Action: On CreditWatch:Negative
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Computer Sciences Corp.
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