Ratings cut for Nestle ahead of buy-back as bankers anticipate new debt

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Ratings cut for Nestle ahead of buy-back as bankers anticipate new debt

Nestle 230x150

On Friday, the credit rating agency, DBRS, became the third ratings company to downgrade Nestlé following its announcement of a Sfr20bn ($20.8bn) share buy-back program earlier in the week. It could herald fresh bond issuance, said corporate bond bankers.

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