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DBRS assigns ratings to Ryder System

DBRS has assigned a long-term issuer rating of A (low) and a short-term issuer rating of R-1 (low) to Ryder System Inc.

The trend on all ratings is stable.

The ratings and stable trend reflect the company's deep-rooted position in the fleet management solutions market, considerable scale and increasing presence in dedicated transportation solutions and supply chain solutions, DBRS said.

The stable trend also considers the improving operating atmosphere for ground transportation equipment with contract rates and demand for trucks strengthening, according to the rating agency.