NEW YORK (Standard&Poor's) Oct. 1, 2007--Standard&Poor's Ratings Services said today that the ratings and outlook on Herman Miller Inc. (BBB/Positive/--) would not be immediately affected by the company's announcement that its board of directors has expanded the size of its existing share repurchase authorization by an additional $300 million. The company repurchased $60.8 million in the first quarter of fiscal 2008, and currently has approximately $73 million remaining on its prior authorization. At the end of the quarter ended Sept. 1, 2007, the company had $65.4 million in cash. We expect the company to fund future share repurchases largely from its cash flow and cash balances over time. However, if the company implements a more aggressive
