17.03.2015 21:58:00
|
Esterline Technologies Corp. -- Moody's says Esterline's share repurchase authorization increase is credit negative; Ba1 CFR unaffected
New York, March 17, 2015 -- Moody's Investors Service said that the increase in Esterline Technologies Corporation ("Esterline")'s share repurchase authorization by $200 million is credit negative, but will not result in changes to the Ba1 Corporate Family Rating ("CFR"), its Ba2 unsecured notes rating, or Esterline's SGL-2 speculative grade liquidity rating. Esterline has a stable ratings outlook.