International ratings service Standard & Poor’s (S&P) said that Aramark Corp’s recent announcement of a stock repurchase programme and an employee stock trading programme would have no impact on its ratings or outlook (BBB-/Negative/–).
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These programmes were established in connection with the lapse in June 2002 of restrictions on its Class A common shares.
The approved stock repurchase programme is for the repurchase of up to US$200m of Class A or Class B common stock. The stock trading programme will allow employees to sell unrestricted shares.
