23-May-2024 | 15:51 EDT
C.H. Robinson Worldwide Inc. Downgraded To ‘BBB’ From ‘BBB+’ On Weak Market Conditions; Outlook Stable
– Our view of the pace of the freight market recovery is expected to prolong the recovery of CHRW’s metrics, currently at 26% as of the first quarter of 2024, to levels sufficiently above 45% over the next 18 to 24 months.
– CHRW’s FFO to debt fell below our 45% downside threshold in …
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