New York, January 14, 2014 -- Moody's Investors Service ("Moody's") has affirmed the Caa3 Corporate Family Rating ("CFR") for YRC Worldwide Inc. ("YRCW"), lowered the Probability of Default Rating ("PDR") to Caa3-PD and changed its outlook from positive to negative. This rating action follows YRCW's announcement that the ratification vote by union members on a proposed amendment and extension of its Memorandum of Understanding ("MoU") was unsuccessful.
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