S&P: Dixie Group unaffected

Standard & Poor's said its ratings and outlook on Dixie Group Inc. (B+/stable/-) are unaffected following the company's board authorization to repurchase up to $10 million of the company's common stock.

Although the company's recent operating performance is pressured by the industry's weak operating environment, S&P said it views the company's current free cash flow and liquidity as sufficient to support the proposed share repurchases.

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