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Tiger Debt Upgraded: Moody's Investors Service upgraded...

May 09, 1989

Tiger Debt Upgraded: Moody's Investors Service upgraded Tiger International debt. The rating service said $160 million of long-term debt issued by Tiger International and its Flying Tiger subsidiary was involved. Moody's said it took the action because it expects Federal Express to assume or repay Tiger's debt after it completes its previously announced acquisition of Los Angeles-based Tiger.

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