Standard & Poor’s raised its issuer credit rating and rating on the company’s unsecured debt to BB- from B+, after VSTO reported better-than-expected results for the fiscal year ended Mar. 31. The ratings agency believes Vista will maintain net leverage below 2.5x over the next 12 months, against 1.0x currently, leaving some headroom for acquisitions. It confirmed VSTO’s tailwinds in ammunition sales and margins, and sees a faster-than-expected integration of Remington along with ... Log in to view full article.