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S&P raises Alliant Tech ratings to 'BB'; affirms 'BB' corporate credit rating

Standard & Poor's Ratings Services raised its issue ratings on Alliant Techsystems, ATK's, preliminary senior unsecured debt and subordinated notes to 'BB' from 'BB-' and revised its recovery ratings on the subordinated debt to '4' from '5. S&P said, "At the same time, we affirmed the 'BB' long-term corporate credit rating and the stable outlook."