credit ratings
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News
Trailer maker Wabash faces headwinds into 2021, Moody’s says
Demand headwinds will place “downwards pressure on revenue and earnings likely into 2021” for trailer manufacturer Wabash National. This was part of the rationale behind…
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Daseke ratings review confirms recent downgrade
Daseke’s ratings were confirmed at recently downgraded levels by Moody’s. The report points to the company’s restructuring as a source for a potential ratings upgrade.
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Warning UPS about excessive capex and buybacks, Moody’s downgrades outlook to negative
If UPS sticks to its capex and buyback plans—which exceed projections for free cash flow—the parcel carrier may have to issue more debt.
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News
Moody’s lifts ratings on more than $3B of XPO Logistics debt
Rating agency Moody’s Investors Service said it upgraded its ratings on about $3.2 billion debt issued by XPO Logistics, Inc., (NYSE: XPO) citing a “positive…
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