Standard & Poor’s Revises YRC Outlook

Photo courtesy of Kansas City Business Journal

Credit rating agency Standard & Poor’s has revised its outlook on YRC Worldwide Inc. from “stable” to “developing,” reflecting the trucking company’s unclear future.

In an announcement Wednesday, S&P said the revision was based on its reassessment of YRC’s credit prospects in the near future.

It noted that YRC’s high debt load and place in the highly competitive freight business has led to a “junk” credit rating of CCC on its corporate borrowing. Read more on Kansas City Business Journal.

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more