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Published on 8/21/2007 in the Prospect News Investment Grade Daily.

Fitch affirms YRC, gives loan BBB-

Fitch Ratings said it affirmed its ratings on YRC Worldwide Inc. and its Roadway LLC and USF Corp. subsidiaries as follows: YRC's issuer default rating at BBB-, senior unsecured at BBB- and senior unsecured credit facilities at BBB-; Roadway's issuer default rating at BBB- and senor unsecured at BBB-; and USF's issuer default rating at BBB- and senior unsecured at BBB-.

Fitch said it also assigned a rating of BBB- to YRC's new senior unsecured credit facilities, noting that the new credit facilities mature in 2012 and consist of a $950 million revolving credit facility and a $150 million term loan A.

The outlook is stable.

Fitch noted that the ratings for YRC, along with its Roadway and USF subsidiaries, reflect the less-than-truckload transportation and logistics company's significant market presence and expectations for positive free cash flow generation despite near-term industry demand challenges.


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