YRC Worldwide (YRCW) Rating Upgraded to 'B-' by S&P
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Standard & Poor's Upgrades YRC Worldwide Credit Rating
August 10, 2015 3:05 PM EDTOVERLAND PARK, Kan., Aug. 10, 2015 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW) today announced that on Friday, August 7, 2015, Standard and Poor's (S&P) upgraded YRC Worldwide's corporate credit rating and its secured term loan to B- from CCC+. S&P stated that YRC Worldwide's strengthening operating condition, better operating efficiencies, earnings growth and improved liquidity position drove the upgrade decision. The S&P announcement comes on the heels of a $120.3 million increase in... More
