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Moody's is placing Murphy Oil's (MUR) Baa3 senior unsecured ratings on review for a potential...
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Wednesday, October 17, 2012, 5:59 PM ETMoody's is placing Murphy Oil's (MUR) Baa3 senior unsecured ratings on review for a potential downgrade on the back of its announcement of a $1B share buyback program, $500M special dividend and the spin-off of its downstream assets in the U.S. The agency calls it a "notable shift" in financial policy following a long track record of conservative financial leverage.
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