S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility with a '1' Recovery

[R-14Driver]

OVERLAND PARK, Kan., July 17, 2012 /PRNewswire/ -- YRC Worldwide Inc. (NASDAQ: YRCW) today announced that Standard & Poor's Ratings Services (S&P) has initiated coverage on the company's asset-backed loan facility (the ABL Facility). The ABL Facility received a recovery rating of '1', the second highest recovery rating available, and a facility rating of B-. The ABL Facility rating is two notches above the YRC Worldwide corporate credit rating, the highest facility rating possible relative to the company's corporate rating under S&P's scoring methodology. S&P reaffirmed the company's corporate credit rating of CCC with a stable outlook.

"The ABL Facility provides us the liquidity to grow and invest in our business as seasonal requirements necessitate. We believe the '1' rating of the receivables based facility is an indication of the credit worthiness of our customer base, the industry diversity of those customers, the structure of the facility and the overall high quality nature of the supporting collateral," said Jamie Pierson, chief financial officer of YRC Worldwide. "Our liquidity position as of March 31, 2012 is the best it has been on a comparable quarter basis in three years, allowing us to continue executing on our strategy."

"We continue to make great strides at YRCW as our newly optimized network at YRC Freight and corresponding decrease in standard transit times across much of the network is building on our commitment to improve service to our customers," added Pierson. "And as usual, the regional companies continue to provide best-in-class service for their customers in the next-day and two-day industry segments." ..................

S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility with a '1' Recovery Rating (NASDAQ:YRCW)

[Fr8holler]

Excellent news , I was anticipating this.

[nncnwydude]

As a prospective new employee that makes me feel more positive about coming to work here.

[jimbobillybob]

If you think this is good news,I got a bridge to sell ya!!!!!!!!!!!!!!!!

[COLKID]

As a prospective new employee that makes me feel more positive about coming to work here.

Hey man welcome. There is a reason you came here & i hope it works out for you. Educate yourself on the contract, they will never point out when you don't know or forget to charge them for many things. good luck.

[sundrop03]

OK, instead of posting something stupid, explain to those of us who are not as finacially smart as you are why this is not good news if you can.

If you think this is good news,I got a bridge to sell ya!!!!!!!!!!!!!!!!

[Elwood]

OK, instead of posting something stupid, explain to those of us who are not as finacially smart as you are why this is not good news if you can.

That may be quite a lot to expect....

[jenny807]

If you think this is good news,I got a bridge to sell ya!!!!!!!!!!!!!!!!

Why did you post this on yahoo??? This guy needs to be kicked off here!!! A.S.A.P.!!!! Period!!!!! Get this guy off of here!!!!!!!!!!!!!!!!!

Yahoo! Message Boards - YRC Worldwide Inc. - S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility

Re: S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility 18-Jul-12 11:48 am
And the stupid YRC drivers on truckingboards think this is a good thing!!!!!
World class Idiots,I am glad YRC laid me off and the stupid ***** voted for no pension,I now work for a real outfit UPS.

GO BROWN!!!!


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jimbobillybob

[Bart]

I thought you worked for Holland now????? Why did you post this on yahoo??? This guy needs to be kicked off here!!! A.S.A.P.!!!! Period!!!!! Get this guy off of here!!!!!!!!!!!!!!!!!

Yahoo! Message Boards - YRC Worldwide Inc. - S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility

Re: S&P Initiates Coverage on YRC Worldwide $400 million ABL Facility 18-Jul-12 11:48 am
And the stupid YRC drivers on truckingboards think this is a good thing!!!!!
World class Idiots,I am glad YRC laid me off and the stupid ***** voted for no pension,I now work for a real outfit UPS.

GO BROWN NOSE!!!!!


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jimbobillybob

Stupid huh

[jimbobillybob]

I posted it on yahoo because I can!!!!!!!!!!!!!

You are like a stalker following me around to other message boards.
Just can't help yourself huh.

No YRC cheerleaders over there,later sweetie!!!!!My Jenny poo!!!!

Hurry now,go report me to a mod.