New York, March 07, 2016 -- Moody's Investors Service ("Moody's") says that NCR Corporation's (NCR) announced $250 million additional share repurchase does not impact its Ba3 CFR rating or stable outlook. Although Moody's expects that the share repurchase will increase leverage modestly, NCR's rating already considers its willingness to take on incremental credit risk to finance shareholder returns as the company undergoes a business transformation amid a rapidly shifting landscape for legacy hardware products. Significantly larger shareholder friendly activities may endanger the rating and/or the outlook, especially if operating performance does not improve as anticipated, the company loses market share in key business segments, or there is a deterioration in NCR's competitive position.

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