
Fitch revises outlook for Forward Air to negative, affirms long-term IDR at ’B’
Investing.com -- Fitch Ratings has revised the outlook for Forward Air (NASDAQ:FWRD) Corporation and Clue Opco LLC, collectively known as FWRD, from stable to negative. The agency has also affirmed the Long-Term Issuer Default Ratings (IDRs) at ’B’ for both companies. Clue Opco’s senior secured credit facilities and notes have been affirmed at ’B+’ with a Recovery Rating of ’RR3’.The ...