Tuesday, May 8, 2007

Moody's may downgrade CSX on share repurchases

(Reuters) - The company also said it still expects record operating income and earnings per share in 2007.

"CSX's plan now marks the most aggressive increase in debt for shareholder enhancement programs among the major railroads, and comes at a time when softer economic conditions could further weaken demand for railroad transportation services," Moody's analyst Bob Jankowitz said in a statement.


Read more at Reuters.com Bonds News

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