S&P assigns BBB+ to Republic Services notes

S&P said it assigned its BBB+ issue-level rating to Republic Services Inc.’s $500 million senior unsecured notes due 2026.

All of the other ratings on the company remain unchanged.

S&P said the issue-level rating assigned to the new notes is the same as S&P’s rating on Republic’s existing senior unsecured debt.

S&P said the ratings on Republic reflect the assessment of the company’s business risk profile, which is characterized by its well-entrenched market position and solid profitability in the generally stable solid waste services industry.

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