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15.10.2013 22:11:00
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FedEx Corporation -- Moody's says FedEx authorization to repurchase up to 32 million shares is credit negative, ratings unaffected
New York, October 15, 2013 -- Moody's Investors Service says the authorization by the Board of FedEx Corporation (Baa1, stable) for the company to repurchase up to 32 million shares of its common stock is credit negative; however, the Baa1 senior unsecured rating of FedEx is not affected at this time. For further information, please see www.moodys.com.
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