Moody's says Arconic's new share repurchase program is credit negative; no impact on ratings
Announcement: Moody's says Arconic's new share repurchase program is credit negative; no impact on ratings. Global Credit Research- 21 May 2019. New York, May 21, 2019-- Moody's Investors Service said that the announcement by the Board of Directors of Arconic Inc. that it has approved a share repurchase program of up to $500 million is credit negative but does not immediately impact the company's current ratings, including its Ba2 corporate family rating.
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