S&P Affirms FedEx Credit Ratings
On March 23, 2004, Standard & Poor's Ratings Services assigned its 'BBB' rating to FedEx Corp.'s (FDX ) $1.6 billion debt offering, issued under Rule 144A. The debt offering consists of three tranches: $600 million due 2005, $500 million due 2007, and $500 million due 2009. Standard & Poor's existing ratings on FedEx, including the long-term 'BBB' corporate credit rating and 'A-2' commercial paper ratings, are affirmed. The outlook is stable.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.