Fitch rates Ryder notes A-

Fitch Ratings said it expects to assign an A- rating to Ryder System's Inc.'s $250 million senior unsecured notes due 2018.

The company has a long-term issuer default rating of A-, short-term issuer default rating of F2, commercial-paper rating of F2 and senior unsecured notes rating of A-.

The outlook is stable.

Fitch said it does not believe there will be a material impact on Ryder's leverage as a result of the issuance, as proceeds are expected to be used to refinance debt maturities, repay commercial paper outstanding and for general corporate purposes.

The outlook is stable, reflecting an expectation that the company will have continued economical access to the capital markets through market cycles, strong liquidity, solid capitalization and earnings growth in 2013 driven by an increase in full-service lease activity and organic growth in supply chain solutions, the agency said.

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