S&P lowers UPS ratings on debt burden

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 9, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    S&P lowers UPS ratings on debt burden - Business Week

    Credit rating agency Standard & Poor's said Wednesday it lowered ratings for United Parcel Service Inc. after UPS said it will take on more debt to cover share repurchases.

    S&P lowered the corporate credit and senior debt ratings to "High Grade" AA- from the "Maximum Safety" rating of AAA.