J.B. Hunt, a big trucking company, got good news about its money! Moody's, a company that checks how well businesses handle their debts, gave J.B. Hunt a great rating. This means they're doing well financially.
- J.B. Hunt's rating stayed the same for over 10 years.
- This shows they manage their money well, even though the trucking business is slowing down a bit.
- J.B. Hunt is borrowing $500 million to pay off an old loan.
Fact | Number |
---|---|
J.B. Hunt's rating | Baa1 (very good!) |
Money borrowed | $500 million |
Stock price drop this year | 23.8% |
Even with the good rating, J.B. Hunt's stock price (how much its shares cost) went down recently. This is because the whole trucking industry isn't doing as well right now.