UPS Drops Off S&P's Triple-A List
The exclusive triple-A club just lost another member. On Jan. 9, 2008, Standard & Poor's Ratings Services lowered its corporate credit and senior debt ratings on United Parcel Service (UPS) to AA– from AAA and removed the ratings from CreditWatch, where they were placed with negative implications on Oct. 1, 2007. The 'A-1+' commercial paper rating, which was not on CreditWatch, has been affirmed. The outlook is stable.
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