New York, December 16, 2014 -- FedEx Corporation (Baa1, stable) announced on 15 December 2014 that it plans to acquire North-American third-party logistics provider, GENCO, based in Pittsburgh, PA. The acquisition will strengthen FedEx's value proposition across its corporate customer base. However, Moody's believes that FedEx will fund the purchase entirely with debt, preventing improvement in credit metrics that would otherwise occur from organic earnings growth in 2015. For further information, please see www.moodys.com.
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