Nov 10

McDowngrade: S&P Cuts ‘Releveraging’ Junk Food Vendor’s Debt To Almost Junk

Having told the world that it will borrow billions (and cut capex) to “return all free cash to investors,” it appears ratings agency S&P just needed to remind McDonalds that Shareholder-friendly releveraging no longer comes for free

*S&P LWRS MCDONALD’S RTG TO ‘BBB+’ ON SHR BUYBACK PLANS

Who could have seen that coming?

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