Friday, October 19, 2012

TEXT-S&P revises SRA International outlook to negative

Oct 19 - Overview
-- U.S. government IT contractor SRA International Inc. announced that
its recompete bid for the FDIC contract was unsuccessful, representing a loss
of about 9% of its fiscal 2012 revenues and about 7% of its first-quarter
fiscal 2013 revenues.
-- We are revising our outlook on the company to negative from stable.
-- We are affirming our ratings on the company, including the 'B'
corporate credit rating.
-- The negative outlook reflects the loss of its la

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