Reported about 10 hours ago
C.H. Robinson's debt rating has been upgraded back to BBB+ by S&P Global Ratings after a 15-month period at BBB. This positive change follows a significant increase in the company's stock price and successful financial reports, largely attributed to the swift reduction in headcount and increased operational efficiencies. S&P Global noted that C.H. Robinson has improved its financial profile through disciplined capital allocation and has a stable outlook going forward, in contrast to deteriorating ratings faced by some competitors.
Source: YAHOO