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Fitch affirms Ryder System

Fitch Ratings affirmed the A- long-term and F2 short-term issuerdefault ratings of Ryder System Inc.,following the completion of its fleet leasing peer review.

The outlook is stable.

Fitch said the ratings reflect certain factors including Ryder'sestablished market position in the truck leasing business, growing market sharein the logistics and supply chain solutions business and good asset quality.

The outlook is based on Fitch's expectation for continued economicaccess to the capital markets through various market cycles, limited sensitivityto rising interest rates and strong liquidity, among other things, according tothe rating agency.