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The Latest UPS Headlines
S&P cuts UPS' outlook to negative
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<blockquote data-quote="cheryl" data-source="post: 678190" data-attributes="member: 1"><p><strong><a href="http://www.marketwatch.com/story/sp-cuts-ups-outlook-to-negative-2010-01-26-1044200?reflink=MW_news_stmp" target="_blank">S&P cuts UPS' outlook to negative - Marketwatch</a></strong></p><p>Standard & Poor's Ratings Services on Tuesday lowered United Parcel Service Inc.'s /quotes/comstock/13*!ups/quotes/nls/ups long-term rating outlook to negative from stable and affirmed its AA- rating. "The ratings assume that UPS' focus on improving yields, cutting costs, and a gradual recovery in market conditions, combined with management's commitment to restoring credit metrics, will enable the company to generate FFO to total debt of at least 40% over the next 18 to 24 months," said Christopher DeNicolo, an S&P credit analyst. However, the ratings agency warned that it may downgrade its ratings if the parcel delivery company fails to meet this criteria over the next couple of years.</p></blockquote><p></p>
[QUOTE="cheryl, post: 678190, member: 1"] [B][URL="http://www.marketwatch.com/story/sp-cuts-ups-outlook-to-negative-2010-01-26-1044200?reflink=MW_news_stmp"]S&P cuts UPS' outlook to negative - Marketwatch[/URL][/B] Standard & Poor's Ratings Services on Tuesday lowered United Parcel Service Inc.'s /quotes/comstock/13*!ups/quotes/nls/ups long-term rating outlook to negative from stable and affirmed its AA- rating. "The ratings assume that UPS' focus on improving yields, cutting costs, and a gradual recovery in market conditions, combined with management's commitment to restoring credit metrics, will enable the company to generate FFO to total debt of at least 40% over the next 18 to 24 months," said Christopher DeNicolo, an S&P credit analyst. However, the ratings agency warned that it may downgrade its ratings if the parcel delivery company fails to meet this criteria over the next couple of years. [/QUOTE]
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