New York, July 29, 2013 -- Moody's Investors Service said that VeriSign, Inc.'s (Verisign) announcement that it increased its share repurchase program to $1 billion does not affect its Ba2 corporate family rating or stable ratings outlook. The increased share buyback program does not have an expiration date. Verisign's Ba2 rating reflects Moody's expectation that the company will return excess cash to shareholders and that share repurchases will be executed within the context of the company's free cash flow and liquidity. Furthermore, Moody's expects the company to generate strong free cash flow relative to debt and total debt to EBITDA leverage should decline from EBITDA growth.

Vollständigen Artikel bei Moodys lesen