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21.03.2016 18:21:00
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FedEx Corporation -- Moody's: FedEx's liberal financial policy weakens its credit profile
New York, March 21, 2016 -- FedEx Corporation's policy of using low-cost debt to lower its share count coupled with its soon-to-close $4.9 billion acquisition of TNT Express N.V. will keep the company from materially reducing its financial leverage at least through 2018, said Moody's Investors Service. As a result, Moody's downgraded its rating of FedEx to Baa2 from Baa1 on March 15, 2016.
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