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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

FEATURED COMPANIES

  • Neff Rental Inc.
  • Neff Rental LLC
  • MORE

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 READ MORE >

- Neff Rental LLC
- Neff Rental Inc.

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