Moody’s Investors Service on Monday downgraded United Parcel Service Inc. debt one notch to A1, saying the delivery and logistics company is unlikely to improve its creditworthiness amid “elevated debt level” and a previously announced increase in capital spending. Shares of UPS were flat in late trading Monday after ending the regular session down 0.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News