New York, July 30, 2013 -- Moody's Investors Service said Nielsen Holdings N.V. ("Nielsen") recently announced it is increasing its quarterly dividend to $0.20 from $0.16 per share and has authorization for a $500 million share repurchase program. Despite the 25% increase in dividend payouts to roughly $300 million per year plus likely near term funding under the new share repurchase program, there is no immediate impact to debt ratings (Ba3 CFR) nor the positive outlook reflecting Moody's belief that distributions will be funded within the Ba3 rating and debt-to-EBITDA ratios will improve due to EBITDA growth combined with debt reduction from free cash flow.

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