S&P lowers UPS ratings on debt burden

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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.
 
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