S&P: J.B. Hunt unchanged

Standard & Poor's said its ratings on J.B. Hunt Transport Services Inc. (BBB/stable/A-2) are unaffected following the company's announcement that it will use a combination of cash on hand and borrowing availability under its revolver to complete a $100 million accelerated share repurchase.

The agency said the company's adjusted credit metrics (including the $100 million share repurchase) remain within S&P's expectations for the ratings. The estimated total debt-to-EBITDA ratio is 1.4 times as of March 31.

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