New York, August 29, 2013 -- Moody's Investors Service placed Altera Corporation's A2 senior unsecured ratings a on review for downgrade. The review is prompted by the company's announcement yesterday that it has changed its financial policy and will increase leverage to repurchase stock. Altera's board of directors increased the company's share repurchase authorization by an additional 30 million shares to a total of 41.1 million shares, which should accommodate the company's share repurchase objectives through mid-2015.
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