S&P: Domino's unaffected

Standard & Poor's said the announcement by Domino's Inc. (B+/positive/--) that it has repurchased shares for about $75 million has no immediate impact on the rating or outlook for the company.

However, S&P said the buyback does impede Domino's progress toward a rating upgrade given that part of the transaction was funded through the company's revolving credit facility.

S&P said it will continue to monitor Domino's financial policy.

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