Moody's rates UPS notes Aa3

Moody's Investors Service said it assigned an Aa3 rating to the $1.75 billion of senior unsecured notes to be issued by United Parcel Service, Inc.

UPS will be issuing notes in five-, 10- and 30- year maturities, the aggregate proceeds of which will fund the repayment of the company's $1.75 billion of 4.5% unsecured notes at their maturity on Jan. 15, 2013.

UPS' Aa3 long-term rating remains on review for downgrade.

Moody's said the Aa3 long-term rating considers the company's strong business fundamentals, solid liquidity profile and consistent free cash flow generation.

© 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.