BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization - S&P Global Ratings’ Credit Research

BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization

BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization - S&P Global Ratings’ Credit Research
BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization
Published May 31, 2006
Published May 31, 2006
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Abstract:

NEW YORK (Standard&Poor's) May 30, 2006--Standard&Poor's Ratings Services said today that its rating and outlook on Weight Watchers International Inc. (BB/Positive/--) would not be affected following the company's announcement that its board of directors has authorized an additional $250 million share repurchase program. This new authorization is in addition to a prior board authorization of $250 million in June 2005, of which more than $100 million remained available for repurchase as of March 31, 2006. The rating on Weight Watchers currently has some cushion for share buybacks and/or select acquisitions. In the fiscal year ended Dec. 31, 2005, Weight Watchers purchased about $176 million of stock, versus $177.2 million in 2004 and $28.8 million in 2003,

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Specialized Consumer Services (25302020)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization" May 31, 2006. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Weight-Watchers-Rating-Unaffected-By-250M-Share-Repurchase-Authorization-511863>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Weight Watchers Rating Unaffected By $250M Share Repurchase Authorization May 31, 2006. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Weight-Watchers-Rating-Unaffected-By-250M-Share-Repurchase-Authorization-511863>
  
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