Moody's says Lowe's investment status unscathed by buyback programme go-ahead.

(ADPnews) - Feb 24, 2010 - Moody's said that US home improvement retailer Lowe's Cos Inc's (NYSE:LOW) green light to a USD-5-billion (EUR 3.7m) share repurchase programme has no automatic impact on its investment-grade ratings.

Lowe's carries an A1 long-term rating reflecting "low credit risk". Its "stable" outlook, also unaffected, indicates that no rating changes are expected over the medium term.

The company is also rated at Moody's top-notch short-term …