UPS Inc. will guarantee USD42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.
Standard & Poor’s assigned a rating of AAA/A-1+ to the bond issuance, the company said Tuesday in a statement.
UPS is ranked No. 1 on the Transport Topics 100 list of U.S. and Canadian for-hire car-riers.
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