EGL News

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Science Applications International Corp and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

IIROC Trading Halt - EGL

Moody's Investors Service ("Moody's") affirmed the Ba2 corporate family rating ("CFR") and Ba2-PD probability of default rating for Science Applications International Corporation ("SAIC" or the "company"), upgraded the first lien debt rating to Ba1 (from Ba2), and assigned a Ba1 rating to the company's $600 million first lien term loan B and a B1 rating to its $400 million issuance of senior unsecured notes.