26.03.2015 15:59:00

Brown-Forman Corporation -- Moody's says Brown-Forman $1B share buyback is credit negative but no change to A1 rating or outlook

New York, March 26, 2015 -- Moody's Investors Service said today that Brown-Forman Corporation's announcement that it will increase its share repurchase authorization to allow an additional $1 billion in repurchases through March 24, 2016 is credit negative, but that the company's A1/ Prime-1 ratings and stable outlook will not be affected.

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