DBRS Assigns BBB (high) Rating to Ryder System, Inc.’s USD 350 Million Note Issuance

DBRS has today assigned a BBB (high) instrument rating to the USD 350 million senior unsecured medium-term notes (the Notes) issued by Ryder System, Inc. (Ryder or the Company). The trend is Stable. The Notes will mature on June 1, 2019, and will rank pari passu with all other senior unsecured indebtedness of Ryder. The Notes were issued under the Company’s shelf prospectus dated February 6, 2013.

Proceeds of the Notes will be used for repayment of the USD 250 million notes when they mature on March 1, 2014, and for other general corporate purpose.

Notes:
The applicable methodology is Rating Companies in the Trucking Industry, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.