TEXT-Fitch: Ryder's ratings unaffected by lowered earnings guidance
June 26 - Fitch Ratings does not view Ryder System Inc.'s (Ryder, rated 'A-/F1') recently announced downward earnings revisions for second-quarter 2012 (2Q'12) and full-year 2012 as posing rating concerns at this time. The lowered guidance, which primarily reflects declining commercial rental demand, and lower gains associated with reducing excess used vehicle inventory, is mitigated by leverage maintenance within the management-articulated target of 2.5x-3.0x and the proactive nature of steps
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