Liberty Global plc: Vendor financing weakens leverage, enhances liquidity to support share buybacks when capital spending is high
Increasing VF use weakens Moody's adjusted leverage but benefits Liberty's short-term liquidity, providing support for continued share buybacks despite a high capital spending environment.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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