02.06.2015 18:52:00
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Grainger (W W) Inc. -- Moody's: Grainger's planned share repurchases signal a more aggressive financial policy
New York, June 02, 2015 -- By initiating share repurchases that greatly exceed its internally generated cash flow, W.W. Grainger, Inc. is embarking on a much more aggressive financial policy, says Moody's Investors Service in a new report. Although borrowings for the repurchases are likely to double its debt ratio, the company has the financial strength to support the additional debt at its current A2 rating and stable outlook, says Moody's.