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Neff Rental LLC Assigned 'B' Rating, $200 Million Notes Assigned 'B-' Rating; Outlook Is Stable May 11 Product Image

Neff Rental LLC Assigned 'B' Rating, $200 Million Notes Assigned 'B-' Rating; Outlook Is Stable May 11

  • Published: May 2011
  • Standard & Poors

Abstract
U.S.-based construction equipment rental company Neff Rental LLC sold $200 million in new second-lien secured notes due 2016. We are assigning our 'B' corporate credit rating to Neff. At the same time, we are assigning a 'B-' issue-level rating to the company's notes, with a recovery rating of '5'. The stable outlook reflects our view that Neff will maintain ratings stability as it benefits from recent improving market conditions. NEW YORK (Standard & Poor's) May 17, 2011--Standard & Poor's Ratings Services said today it assigned its 'B' corporate credit rating to Miami, Fla.-based Neff Rental LLC. At the same time, we are assigning a 'B-' issue-level rating to the company's notes with a recovery rating of '5'. The outlook is...

Companies mentioned in this report are: Neff Rental LLC,Neff Rental Inc.
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors READ MORE >

Neff Rental LLC,Neff Rental Inc.

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