(Reuters) - "Despite still-sizable free cash flow generation, given
management's new financial policy, we expect most or all of
free cash flow will be used to repurchase shares and pay
dividends," S&P said in a statement.
S&P cut Home Depot's corporate credit rating by three
notches to "BBB-plus," the third-lowest investment grade, from
"A-plus." The outlook is stable, meaning another downgrade is
not expected over the next two years.
Read more at Reuters.com Bonds News
management's new financial policy, we expect most or all of
free cash flow will be used to repurchase shares and pay
dividends," S&P said in a statement.
S&P cut Home Depot's corporate credit rating by three
notches to "BBB-plus," the third-lowest investment grade, from
"A-plus." The outlook is stable, meaning another downgrade is
not expected over the next two years.
Read more at Reuters.com Bonds News
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