Debate rages on Darden Restaurants

S&P weighs in on a plan by Darden Restaurants (DRI -0.9%) to use funds from the sale of Red Lobster to boost buybacks and dividends by keeping the company's ratings on watch for further action.

The ratings agency is expected to issue further analysis and a possible downgrade after the Red Lobster deal closes.

SA contributor The Value Investor has a breakdown of Darden's buybacks vs. debt repayment decision.

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