DBRS Rates Ryder System, Inc.’s $550 million Issuance of Medium-Term Notes at A (low), Stable

DBRS, Inc. (DBRS) assigned a rating of A (low) to the $550.0 million 2.50% Medium-Term Notes due September 1, 2024 (the Notes), issued by Ryder System, Inc. (Ryder or the Company). The trend on the Notes is Stable. The proceeds from the issuance of the Notes will be placed in the general funds of Ryder and are available for general corporate purposes.

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

The applicable methodology is the Global Methodology for Non-Bank Financial Institutions (November 2018), which can be found on our website under Methodologies.

The primary sources of information used for this rating include Company Documents. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

For more information on this credit or on this industry, visit www.dbrs.com.

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