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RSC Equipment Rental Inc. Dec 11
Standard & Poors, Dec 2011
Abstract
Position as one of the premier rental equipment operators in the U.S., with high sales mix of industrial customers; Broad geographic reach and a large, well-maintained, relatively young fleet of rental equipment; and Better-than-industry-average operating margins from good economies of scale for purchasing equipment and clustering of locations, and cost containment. Moderate exposure to the highly cyclical construction markets; Operation in an industry with high capital-intensiveness; and A still aggressively leveraged capital structure stemming from an initial buyout by financial sponsors. Standard & Poor's Ratings Services' ratings on Scottsdale, Ariz.-based RSC Equipment Rental Inc. reflect our assessment of its 'aggressive' financial risk profile (as our criteria define the term), which more than offsets its position as one of the largest...
Companies mentioned in this report are: RSC Equipment Rental Inc.,RSC Holdings III LLC
Action: Review
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 underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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