Wednesday, June 20, 2007

Home Depot weighed credit rating versus buyback

(Reuters) - "We discovered that our business model could support more financial leverage," Carol Tome, Home Depot's chief financial officer, told investors and analysts on a conference call.




"While we believe it is important to maintain a strong investment-grade rating, holding onto our current rating would mean a lower capital distribution for our shareholders and we don't think we need to leave that money on the table," Tome said.


Read more at Reuters.com Business News

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