Aramark Services's (ARMK) Common Stock Buyback is Credit-Negative Development - Moody's
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Price: $56.45 -0.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +5.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +5.0%
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Moody's Investors Service (Moody's) said that Aramark Services' (NYSE: ARMK) (Aramark, Ba3 stable) plan to repurchase about $50 million of its stock from certain former financial sponsors is a negative credit development as it will reduce cash and could slow the pace of debt repayment.
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