18.08.2015 23:11:00
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Aramark -- Moody's says Aramark stock buyback is a negative credit development
New York, August 18, 2015 -- Moody's Investors Service (Moody's) said that Aramark Services, Inc.'s (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.