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Moody's: RadioShack unchanged
Moody's Investors Service said that RadioShack Corp.'s increase in its share repurchase authorization to $500 million from $290 million does not have an impact on the company's credit ratings.
"We assume that RadioShack will continue to follow prudent financial policies which include funding shareholder returns from operating cash flow rather than borrowings," said Marie Menendez, senior vice president of Moody's.
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