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XPO | Fitch Downgrades Con-way's IDR to 'BBB-'; Outlook Negative MarketWatch (press release

Jeff said:
Fitch Downgrades Con-way's IDR to 'BBB-'; Outlook Negative

MarketWatch (press release) - ‎8 hours ago‎
Although industry LTL volumes had been trending downward since mid-2006, the collapse of the credit markets in the fourth quarter of 2008 and resulting ...
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Pretty much some of the things that BoxBoss has been saying over the last couple of months..

We're in very tough times, but our company is positioned well for the tough times. (as stated in the article)
 
beerfd said:
Pretty much some of the things that BoxBoss has been saying over the last couple of months..

We're in very tough times, but our company is positioned well for the tough times. (as stated in the article)
Click to expand...

Thanks for reading the whole article, Beer...I read it all the day before, and I knew there would be some who would see the headline and put their helmets on, anticipating the dropping of the sky above..The downgrade was simply due to a tighter credit market, which "could" hamper our borrowing for a time..
Do not be surprised if others get similar downgrades soon...
 
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