DBRS revises Ryder trend to negative

DBRS said it revised the trend to negative from stable and confirmed the ratings of Ryder System, Inc., including the company’s long-term issuer rating of A (low). At the same time, DBRS revised the trend on all ratings of Ryder and its related entity to negative from stable.

The negative trend reflects the agency’s view the current economic downturn caused by the pandemic will pressure the company’s commercial rental truck demand and automotive supply chain volumes, DBRS said.

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