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13.11.2015 16:13:00
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Con-way Incorporated -- Moody's downgrades Con-way's senior unsecured notes to B3, expects to withdraw all ratings
New York, November 13, 2015 -- Moody's Investors Service ("Moody's") downgraded the senior unsecured rating of Con-way Inc. ("Con-way") debt to B3 from Baa3. These actions complete the review for downgrade initiated on September 11, 2015 upon the announcement that Con-way had entered into an agreement to be acquired by XPO Logistics, Inc. ("XPO", Corporate Family Rating B1, with stable outlook). The ratings outlook is stable. Moody's expects to withdraw all ratings of Con-way.
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