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Tuesday, 11/10/2015 8:47:37 PM

Tuesday, November 10, 2015 8:47:37 PM

Post# of 937
McDowngrade: S&P Cuts 'Releveraging' Junk Food Vendor's Debt To Almost Junk
Submitted by Tyler Durden on 11/10/2015 - 15:03

http://www.zerohedge.com/news/2015-11-10/sp-cuts-releveraging-junk-food-vendors-debt-almost-junk

Having told the world that it will borrow billions (and cut capex) to "return all free cash to investors," it appears ratings agency S&P just needed to remind McDonalds that Shareholder-friendly releveraging no longer comes for free...

*S&P LWRS MCDONALD'S RTG TO 'BBB+' ON SHR BUYBACK PLANS

Who could have seen that coming?


Lot's more at the link above...
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