Fitch affirms Ryder System at 'BBB+'/'F2'; outlook stable

Fitch Ratings has affirmed its credit ratings for Ryder System, Inc. at 'BBB+' and 'F2', with the outlook revised to stable. The stable outlook reflects Fitch's assessment of the company's financial position and operational performance, indicating confidence in its ability to maintain creditworthiness over the near term. The ratings affirm Ryder's capacity to meet its financial obligations while managing risks associated with its business operations. This decision follows a comprehensive review of the company's credit profile, including its balance sheet strength, business risk, and industry positioning. Investors and stakeholders should note that while the stable outlook signals no immediate expectation of rating changes, ongoing performance and market conditions will remain critical factors in future evaluations. The affirmation underscores Fitch's view that Ryder continues to operate within a strong credit framework, supported by its established market presence and operational resilience.