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Arconic Inc. -- Moody's says Arconic's new share repurchase program is credit negative; no impact on ratings

Moody's Investors Service ("Moody's") said that the announcement by the Board of Directors of Arconic Inc. ("Arconic") that it has approved a share repurchase program of up to $500 million is credit negative but does not immediately impact the company's current ratings, including its Ba2 corporate family rating. For additional information please see Moody's Issuer Comment for Arconic Inc. available on www.moodys.com.