Moody's affirms Republic Services

Moody's Investors Service said it affirmed the ratings of Republic Services, Inc., including the Baa3 senior unsecured ratings, following release of subsidiary guarantees on the company's senior notes, revolving credit facilities and release of cross-stream guarantees on $201 million of subsidiary debentures.

The outlook remains positive.

Moody's said the elimination of upstream guarantees represents a return to a more traditional debt structure for an investment grade company with substantially all indebtedness at the parent company level.

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