March 14, 2012 / 10:48 PM / 5 years ago

BRIEF-Moody's: Reynolds' Baa3 rating not impacted by workforce reduction; outlook positive

March 14 (Reuters) - Moody's said that Reynolds American Inc.'s (rated Baa3 positive) announcement today it would reduce its total U.S. workforce by about 10 percent by the end of 2014 is a modest credit positive but does not immediately impact the company's credit ratings.

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