TEXT-S&P: Lear's share buyback anncmnt does not affect rtg


(The following statement was released by the rating agency.) Feb 17 - Standard & Poor's Ratings Services said today that its rating and outlook on Lear Corp . (BB-/Stable/--) are not affected by Lear's announcement that its board of directors has authorized a $400 million share buyback program and declared a quarterly dividend of $0.25 per share. These actions provide clarity on the company's financial policies and, although reducing liquidity, are within our expectations for the ...

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