New York, March 21, 2016 -- Moody's Investors Service assigned a Baa2 rating to FedEx Corporation's new senior unsecured notes announced earlier today. FedEx will use the proceeds for general corporate purposes, including the purchase of its shares and to retire some underlying tax-exempt debt of certain leveraged operating leases. Certain of the company's subsidiaries will guarantee the new notes. The rating outlook is stable.
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