Fitch rates Ryder notes A-

Fitch Ratings said it assigned a rating of A- to Ryder System Inc.'s $300 million of senior unsecured notes maturing on March 1, 2016 with a coupon of 3.6%. The company has a long-term issuer default rating at A-, short-term issuer default rating at F2, short-term debt at F2 and senior unsecured debt at A-.

The outlook is stable.

The proceeds will be used to repay commercial paper outstanding and for general corporate purposes, Fitch said.

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