05.02.2016 21:02:00
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Symantec Corporation -- Moody's said Symantec's Capital Return Program a credit negative, ratings remain under review for downgrade
New York, February 05, 2016 -- Moody's Investor Service said Symantec Corporation's recently announced $5.5 billion Capital Return Program supplemented by an additional $500 million convertible note offering and an unspecified amount of additional debt is credit negative particularly as it embarks on a significant cost reduction plan and attempts to stabilize declines in its Consumer business. For more information, please see the Issuer Comment recently published on www.moodys.com