DBRS Assigns BBB (high) Rating to Ryder System, Inc.’s US$250 Million Note Issuance

DBRS has today assigned a BBB (high) rating to the US$250 million in senior unsecured medium-term notes (the Notes) issued by Ryder System, Inc. (Ryder or the Company). The trend is Stable. The Notes will be due February 26, 2019, and will rank pari passu with all other senior unsecured indebtedness of Ryder. The Notes were issued under the Company’s shelf prospectus dated February 6, 2013, and pursuant to an indenture dated as of October 3, 2003.

Proceeds from the Notes will be used for repayment of the US$250 million notes when they mature on March 1, 2013.

Notes:
The applicable methodology is Rating Companies in the North American Trucking Industry, which can be found on our website under Methodologies.