trending Market Intelligence /marketintelligence/en/news-insights/trending/wlIWWGad_YbA_PMRn07bxw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch affirms Element Fleet, Ryder

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Fitch affirms Element Fleet, Ryder

Fitch Ratings has affirmed Element Fleet Management Corp.'s long-term issuer default rating at BBB+.

The ratings outlook is stable.

The ratings reflect Element's solid franchise and leading position as a fleet leasing company in North America along with the company's minimal credit and residual risk in its core fleet leasing portfolio.

Stable cash flow provided by leasing activities, matched funding strategy for assets and liabilities and the experienced management team also resulted in the affirmation, Fitch said.

The stable outlook reflects Fitch's expectations for solid asset quality performance, continued economic access to the capital markets through various market cycles, matched funding of the company's assets and liabilities and appropriate leverage for the current.

Fitch has also affirmed the long- and short-term issuer default ratings of Ryder System Inc. at A- and F2, respectively.

The ratings outlook is stable.

The affirmations are supported by Ryder's established market position in the fleet management solutions business, growing market share in the dedicated transportation solutions and supply chain solutions business, Fitch said.

The affirmations are also supported by the company's strong asset quality, relatively consistent operating performance through various cycles, appropriate leverage, solid liquidity and a largely unsecured funding profile.

The stable outlook reflects Fitch's expectation for Ryder's stable operating performance, continued economic access to the capital markets, limited sensitivity to rising interest rates, maintenance of strong liquidity and appropriate leverage.

The affirmations of the two companies are part of Fitch's annual peer review of fleet leasing and vehicle rental companies.