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13.12.2012 23:00:00
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Manpower, Inc. -- Moody's says Manpower's new stock repurchase authorization is credit negative
New York, December 13, 2012 -- Moody's Investors Service stated that Manpower Inc.'s new stock repurchase program is a credit negative, as the authorization for about 10% of its outstanding shares was unexpected and is sizeable in relation to the company's expected cash flow. There is no immediate impact on the Baa3 long term rating.
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