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BULLETIN: Dun & Bradstreet Corp. Announces $100 Million Share-Repurchase Program Oct 02
Standard & Poors, Oct 2002
Abstract
Dun & Bradstreet Corp. (BBB+/Stable/A-2) announced a two-year share-repurchase program of up to $100 million. Standard & Poor's Ratings Services said that the action has no impact on its ratings of the company. No meaningful change in Dun & Bradstreet's overall financial profile is expected, because the repurchases will be funded with existing cash balances and future free operating cash flow. This program is in addition to the company's existing share-repurchase program to offset shares issued under employee benefit plans. At Sept. 30, 2002, Dun & Bradstreet had $136 million in cash....
Companies mentioned in this report are: Dun & Bradstreet Corp. (The)
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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