Foxbusiness.com
SAN FRANCISCO - Standard & Poor's Ratings Services Wednesday lowered its corporate credit and senior debt ratings on United Parcel Service Inc. to AA- from AAA and removed the ratings from CreditWatch, the ratings agency said. Standard & Poor's affirmed the company's commercial paper rating at A-1+. "The rating actions follow the company's announcement that it will pursue a less conservative financial policy that will result in more debt leverage in the capital structure," said Standard & Poor's credit analyst Lisa Jenkins.