Fitch: Verisk’s Rating Unaffected by $500MM Share Repurchase Authorization

NEW YORK–(BUSINESS WIRE)–Verisk Analytics, Inc.’s (Verisk) ‘BBB+’ Long-Term Issuer Default Rating (IDR) is not affected by the $500 million incremental share repurchase program approved by the company’s board of directors, according to Fitch Ratings. As of September 2016, Verisk had $279.5 million remaining under its existing $2.3 billion repurchase program. Fitch believes Verisk has sufficient free cash flow (FCF) generation to remain within the company’s target leverage of 2.5x and support