DBRS Rates Ryder System, Inc.’s New Debt Issuance at BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to the $350 million 3.150% Medium Term Notes (Notes) to be issued by Ryder System, Inc. (Ryder or the Company) maturing on March 2, 2015. The Notes will rank pari passu with all other senior unsecured obligations of Ryder. Proceeds from the Notes issuance are expected to be used for general corporate purposes, including the reduction of short-term debt. The settlement date will be on or around February 24, 2011.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating the Industrial Products Industry, which can be found on our website under Methodologies.