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28.09.2016 01:58:00
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AGL Energy Ltd -- Moody's: AGL Energy's share buyback will reduce financial flexibility but manageable within existing Baa2 rating
Sydney, September 28, 2016 -- Moody's Investors Service says that AGL Energy Ltd's (Baa2 stable) plan to buy back up to 5% of its issued shares (approximately AUD600 million) will reduce its financial flexibility, and is therefore credit negative.
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