Moody's says Seagate's $3 billion incremental share buyback authorization and its large shareholder returns are credit negative
Announcement: Moody's says Seagate's $3 billion incremental share buyback authorization and its large shareholder returns are credit negative. Global Credit Research- 26 Oct 2020. New York, October 26, 2020-- Moody's Investor Service said that the announcement by Seagate Technology plc, the parent of Seagate HDD Cayman, that it has increased its share repurchase authorization by $3 billion, is credit negative if share buybacks continue to exceed free cash flow or Seagate...
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:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.