A multimillion-dollar national missile defense booster contract was among the reasons why Standard & Poor's upgraded its corporate credit rating on Orbital Sciences, the rating agency said today. S&P raised its Orbital rating from triple-C-plus to single-B, citing the company's debt refinancing, according to an S&P statement. "The upgrade reflects the successful refinancing of Orbital's $100 million subordinated notes that matured on Oct. 1, 2002," said S&P credit analyst Christopher DeNicolo. Late last year, Boeing selected Orbital's proposal for an...
