S&P: RSC Equipment unchanged

Standard & Poor's said RSC Equipment Rental Inc.'s B+ corporate credit rating remains unchanged and assigned a BB rating to the proposed offering of $300 million first-lien notes due 2017 with 1 recovery rating.

The outlook is stable.

Proceeds will be used to reduce term-loan debt and thereby increases availability on the company's revolving credit facility, the agency said.

Ratings reflect the company's aggressive financial profile, which more than offsets its position as one of the largest providers of construction equipment rentals, S&P said.

"The ratings and outlook incorporate our expectations of declining industry conditions in the intermediate term, following several years of relatively healthy industry fundamentals," S&P analyst John R. Sico said in a statement.

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