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Stock Market & Financial Investment News

News Breaks
February 20, 2013
17:06 EDTSWFTMoody's raises Swift Transportation's credit rating to B1 from B2
Swift Transportation announced that Moody's Investor Service has upgraded the company's credit ratings, with the corporate family rating raised to B1 from B2 and the senior secured first lien bank credit facility raised two notches to Ba2 from B1. In their press release, Moody's states, "The ratings upgrade reflects the substantial progress that Swift has made in margin growth, cash flow generation, and deleveraging during a period of stable demand in the truckload segment." Additionally, Moody's raised the rating on Swift's second lien notes to B3 from Caa1 and said the ratings outlook is stable.
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November 19, 2014
11:14 EDTSWFTCowen airfreight/surface & rail analysts hold analyst/industry conference call
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