Moody's affirms XPO's Ba2 CFR; assigns Ba1 to incremental term loan and Ba3 to new senior notes; outlook changed to stable from positive
Moody's Investors Service (Moody's) affirmed the ratings of XPO, Inc. (XPO), including the Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR). Moody's also affirmed XPO's Ba1 senior secured credit facilities and senior secured notes along with the Ba3 rating on the comp...Norbert Dentressangle is a player in goods transport between the European continent and Great Britain that focuses its operation on transporting fresh produce, fruit, and vegetables from the Rhone valley to big markets in Great Britain, such as Covent Garden in London. Co. structures its business on four types of companies: Logistics operating companies, which provide warehousing and distribution services; Transport operating companies, which provide domestic and international transport services; Freight Forwarding operating companies, which provide goods transport organization services worldwide, by road, sea and air; and Service companies, which provide services to operating companies.
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