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S&P lowers Ahern
Standard & Poor's said it lowered its ratings on Ahern Rentals Inc., including the long-term corporate credit rating to B from B+.
All ratings were removed from Creditwatch, where they were placed with negative implications on Dec. 16.
The outlook is negative.
"The downgrade and negative outlook reflect its concerns about continuing weakness in the company's end markets and its ability to maintain adequate liquidity and potential covenant pressure in the near term," said S&P credit analyst John R. Sico.
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