In a Tuesday release, Standard & Poor’s Ratings Services said it had lowered its corporate credit rating on Overland Park-based YRC (Nasdaq: YRCW) to CC from CCC, in line with its criteria for “distressed-debt exchanges and redemptions.” A CCC rating... Full Article at Kansas City Business Journal

YRC Worldwide said its exchange offer, with full participation, would see noteholders exchange approximately $536.8 million in notes plus accrued and unpaid interest for shares of common stock and new Class A convertible preferred stock. Full Article at The Street

YRC Worldwide Inc. plans to start a debt-exchange offer this week that’s a key milestone for the trucking giant, which repeatedly has asked various stakeholders for considerations to help it survive an extended freight recession. Full Article at St. Louis Business Journal