S&P: RSC Equipment unaffected; notes at B-

Standard & Poor's said that the ratings on RSC Equipment Rental, including the B+ corporate credit rating, remain unchanged.

The outlook is stable.

The agency said it also assigned an issue-level rating of B- to the proposed offering of $200 million of senior unsecured notes due 2019. The recovery rating is 6.

S&P said it expects the company will use the proceeds to reduce amounts outstanding on its second-lien term-loan debt.

The ratings on RSC reflect its aggressive financial profile, which more than offsets its position as one of the largest providers of construction equipment rentals, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.