Service Corp (SCI) Declares $0.09 Quarterly Dividend; Adds $290M to Buyback Authorization

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Go back to Service Corp (SCI) Declares $0.09 Quarterly Dividend; Adds $290M to Buyback Authorization

S&P Upgrades Service Corp (SCI) to 'BB+'; Sees Maintaining Financial Leverage at Appropriate Levels

November 12, 2014 10:46 AM EST

Standard & Poor's Ratings Services today raised its corporate credit rating on Service Corp (NYSE: SCI) to 'BB+' from 'BB' The outlook is stable.

At the same time, we raised our issue-level ratings on the unsecured credit facility to 'BB+' from 'BB'. The recovery rating remains '3', indicating meaningful (50%-70%) recovery in the event of default.

We also raised our issue-level ratings on the unsecured notes to 'BB' from 'BB-'. The recovery... More