Greenwich, Conn.-based XPO Logistics Inc. has announced that it is pursuing strategic alternatives, with the possible sale or spin-off of one or more of XPO's business units, including its North American and European logistics and transportation segments. Although the extent of any divestitures is uncertain, the company stated it is not pursuing any sale or spin-off for its North American less-than-truckload (LTL) business. Therefore, we are placing all ratings, including our 'BB' issuer credit rating, on CreditWatch with developing implications. We plan to resolve the CreditWatch once sufficient information on any transactions and their potential credit impact becomes available. The CreditWatch developing placement follows XPO's announcement that it has retained advisers to pursue the sale or spin-off of its logistics
