Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings - S&P Global Ratings’ Credit Research

Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings

Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings - S&P Global Ratings’ Credit Research
Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings
Published Feb 01, 2007
Published Feb 01, 2007
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Abstract:

NEW YORK (Standard&Poor's) Feb. 1, 2007--Standard&Poor's Ratings Services said today that its ratings and outlook on WESCO International Inc. (BB-/Stable/--) and its principal operating subsidiary, WESCO Distribution Inc., are not affected by the company's plan to repurchase $400 million of common stock. The program is expected to be completed in the 2007 calendar year and will be funded with capacity currently available under the company's working capital facilities. Standard&Poor's expects that WESCO will be able to maintain liquidity and credit metrics, including funds from operations to debt and leverage ratios, that are adequate for the current ratings after funding the share repurchase program. However, Standard&Poor's notes that this sizable share repurchase program

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Trading Companies & Distributors (20107010)
Sector
Corporations , Global Issuers , High Technology
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings" Feb 01, 2007. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-WESCO-International-Inc-s-Repurchase-Of-400-Million-Of-Common-Stock-Does-Not-Affect-Ratings-560110>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: WESCO International Inc.'s Repurchase Of $400 Million Of Common Stock Does Not Affect Ratings Feb 01, 2007. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-WESCO-International-Inc-s-Repurchase-Of-400-Million-Of-Common-Stock-Does-Not-Affect-Ratings-560110>
  
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