Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Y > Headlines for YRC Worldwide Inc. > News item |
Fitch may cut YRC Worldwide
Fitch Ratings said it placed YRC Worldwide Inc.'s issuer default rating of CC, secured bank credit facility rating of B-/RR2 and senior unsecured rating of C/RR6 on Rating Watch negative.
The action follows YRC's non-binding agreement with lenders and the International Brotherhood of Teamsters on a package of actions that would constitute the company's previously announced recapitalization, according to the agency.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.