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Prospect News home > News index > List of issuers U > Headlines for United Rentals, Inc. > News item
Published on 6/10/2008 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P puts United Rentals on watch

Standard & Poor's said it placed United Rentals (North America) Inc. and parent United Rentals Inc.'s BB- long-term corporate credit rating on CreditWatch with negative implications.

The watch follows United Rentals' announcement that it bought $679 million of its preferred stock and is offering to buy up to $679 million of its common stock for a total of $1.4 billion in a mostly debt-financed deal.


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