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Fitch Affirms United Defense Industries 'BB+' Rating; Outlook Remains Positive.

Publication: Business Wire
Publication Date: 08-MAR-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch Ratings has affirmed United Defense Industries (UDI) 'BB+' credit rating for the company's senior secured bank facility (the facility). The Rating Outlook remains Positive. Approximately US$525 million in debt is affected.

On March 7, BAE Systems Plc (BAE), the largest European-based defense contractor, announced its...

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