trending Market Intelligence /marketintelligence/en/news-insights/trending/oXi9EW523rvPA6mlATiTwQ2 content esgSubNav
In This List

S&P upgrades Ryder System following rating criteria update

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


S&P upgrades Ryder System following rating criteria update

S&P Global Ratings has raised the corporate credit rating and senior unsecured debt rating of Ryder System Inc. from BBB to BBB+ after evaluating the company under a new set of criteria.

The outlook is stable.

The rating agency said the upgrade principally reflects its more favorable assessment of Ryder's business risk profile, which S&P now sees as strong. The rating agency continues to assess the company's financial risk profile as intermediate.

Over the next two years, S&P expects the economic recovery will continue to modestly increase demand for Ryder's business.

S&P Global Market Intelligence and S&P Global Ratings are owned by S&P Global Inc.