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BRIEF-Moody's says global luxury retailers' earnings growth could double in 2017
May 31, 2017 / 7:07 AM / 3 months ago

BRIEF-Moody's says global luxury retailers' earnings growth could double in 2017

May 31 (Reuters) -

* Moody's says global luxury retailers' earnings growth could double in 2017 but won't return to double-digit levels soon

* Moody's on global luxury retailers says luxury cos will look to cut share buybacks when necessary to preserve credit ratios, but payout ratios will remain high

* Moody's on global luxury retailers says overall credit quality of the luxury industry should improve slightly in 2017

* Moody's on global luxury retailers says M&A will continue to constrain ratings as luxury companies are now considering large acquisitions Source: bit.ly/2r9JWk4

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