Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Ryder System, Inc. > News item |
S&P rates Ryder notes BBB
Standard & Poor’s said it assigned its BBB issue-level rating to Ryder System Inc.’s medium-term notes.
“Our ratings on Ryder reflect the company’s strong market position in full-service truck leasing – as one of the two major participants – and the strong and stable cash flows this business generates. The ratings also incorporate Ryder’s supply chain and logistics businesses, which generates lower margins than the full-service truck leasing business, as well as the cyclicality of its commercial truck rental business,” S&P said in a news release.
“We characterize Ryder’s business profile as ‘satisfactory,’ its financial risk profile as ‘intermediate’ and its liquidity as ‘adequate,’” S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.