BWX Technologies Inc. (BWXT) benefits from the strong demand within both and government and commercial sectors, and made timely strategic investments in manufacturing expansion. The company?s robust earnings, positive cash flow and balanced funding of recent acquisitions have enabled it to maintain moderate credit metrics, Therefore, S&P Global Ratings raised its issuer credit rating on BWXT to 'BB+' from 'BB'. At the same time, we raised our issue-level rating on the company's unsecured debt to 'BB+' from 'BB-' and revised the recovery rating to '4' from '5'. The '4' recovery rating indicates our expectation for average (30%-50%; rounded estimate: 30%) recovery in the event of a default. The stable outlook reflects our view that, given its strategic investments, BWXT is
