Moody's: Ryder's new notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Ryder System, Inc.'s new $350 million medium-term notes due 2017.

The outlook is stable.

The company's other ratings are unaffected.

Moody's said the Baa1 senior unsecured rating reflects the company's dominant market position in the full service lease and commercial truck rental segment, centralized asset management practices critical to meet customer needs as the economy improves, and the protection that long term leases provide against cyclicality in this market segment.

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