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| Prospect News home > News index > List of issuers P > Headlines for Potash Corp. of Saskatchewan Inc. > News item |
DBRS confirms Potash Corp.
DBRS said it has confirmed the BBB (high) senior unsecured debt rating and the R-1 (low) commercial paper rating, both with stable trends, of Potash Corp. of Saskatchewan Inc.
This follows the announcement of the launch of a share repurchase program authorizing up to $2 billion of repurchases of outstanding common shares, the agency added.
DBRS said that the share repurchase program can be expected to temporarily reduce the company's equity base and increase its indebtedness, but DBRS added that it believes that Potash has the credit capacity and liquidity to sustain the program in addition to its normal operating activities and an ambitious capital expenditure program.
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