DBRS Rates Ryder System New Debt Issuance at BBB (high), Stable

DBRS has today assigned a rating of BBB (high) with a Stable trend to the $350 million 3.50% Medium-Term Notes (Notes) issued by Ryder System, Inc. (Ryder or the Company) maturing on June 1, 2017. 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.

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.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.