Brown-Forman (BF-A) Increased Buyback Plan is Credit-Negative Event - Moody's

Moody's Investors Service said today that Brown-Forman Corporation's announcement that it will increase its share repurchase authorization to allow an additional $1 billion in repurchases through March 24, 2016 is credit negative, but that the company's A1/ Prime-1 ratings and stable outlook will not be affected.

You May Also Be Interested In

• Swiss Water gets TSX nod to buy back up to 650,000 shares
• Opendoor raises $440M via convertible notes, buys back 5% of shares
• Carpenter Technology adds $1B share buyback after exhausting prior $400M plan