S&P Lowers Swift Credit

Standard & Poor's lowered its long-term corporate credit ratings on the holding company for Swift Transportation as a result of the truckload carrier's highly leveraged position in the weakest economy in decades.S&P dropped its rating on the company from "B-" to "CCC+," a riskier level of speculative grade deb. S&P

JOC Member Preview. To continue reading, login or register below.