Neff Rental LLC Assigned Preliminary 'B' Rating, $200 Million Notes Assigned Preliminary 'B-' Rating; Outlook Is Stable May 11
- Language: English
- Published: May 2011
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
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Neff Rental LLC,Neff Rental Inc.