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Article: YRC Worldwide Further Enhances Financial Position.
- Article from:
- Investment Weekly News
- Article date:
- March 14, 2009
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YRC Worldwide Inc. (NASDAQ:YRCW) announced that after its recently finalized bank amendment, a positive step was taken by one of the lead credit agencies. In addition, the company finalized additional sale and financing leaseback agreements with another investor.
Earlier this week, Standard & Poor's (S&P) revised the implications of its CreditWatch review on the company to positive from developing. Given the company's new bank amendment, S&P stated it could raise the company's ratings after further evaluation.
"We appreciate S&P's initial perspective of our bank amendment and their willingness to evaluate its positive liquidity aspects," stated Tim ...