D&B Stock Rises notwithstanding a Downgrade by Fitch Ratings

Posted by Joachim Bartels | Aug 15, 2012 | Business Information, Credit Information, Dun & Bradstreet, Lead Generation, Marketing & Sales Information, Member, Member News, Platforms / Workflow Tools, United States | 0 |

August 15, 2012: The stock price for The Dun & Bradstreet Corporation (NYSE:DNB) rose in value by 2.03% by mid-day trading notwithstanding a ratings downgrade by Fitch Ratings.

Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Dun & Bradstreet Corp. (D&B) to ‘BBB+’ from ‘A-‘. The Rating Outlook has been revised to Negative from Stable. The downgrade and outlook reflects the company’s announcement to accelerate share repurchases coupled with D&B’s willingness to increase debt to fund a portion of these share buy backs.

Source: Yahoo Finance

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Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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