NEW YORK — Moody's Investors Service here said last week the announcement by Costco Wholesale Corp., Issaquah, Wash., concerning its plan to institute a $4 billion share repurchase program, to be executed through April 2015, will have no impact on the company's A2 long-term rating or its positive outlook. "Costco has significant cash balances and is also generating sufficient free cash flow to handle this level of repurchase activity without increases in leverage," the agency said. "In our ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.