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Fitch: R.H. Donnelley unchanged
Fitch Ratings said that R.H. Donnelley announced that its board has authorized a $100 million stock repurchase plan over 12 months.
The agency said that this announcement will not affect its B+ issuer default ratings on R.H. Donnelley Corp., R.H. Donnelley, Inc., Dex Media, Inc., Dex Media East and Dex Media West or the security ratings.
Fitch said it believes management will continue to balance debt repayment with returns of capital to shareholders, including the recently instituted dividend.
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