C.H. Robinson has had its credit rating downgraded for the first time in at least six years, but its latest rating of BBB, down from BBB+, does keep the 3PL as an investment-grade credit rating.
The downgrade comes just slightly less than one year after S&P reduced the outlook on C.H. Robinson (NASDAQ: CHRW) to negative from stable while affirming its BBB+ rating. A move to a negative outlook usually ends either with a downgrade (possibly many months later, as in the case of C.H. Robinson) or a...