S&P upgrades United Rentals outlook to positive

Standard & Poor's said it revised the outlook on United Rentals Inc. to positive from stable.

The agency also said it affirmed its B corporate credit rating.

The outlook revision reflects the potential for an upgrade if the company continues to perform better than expectations for the B rating, S&P said.

The agency said it believes United Rentals will likely continue to benefit from improving fundamentals in the equipment-rental industry and generate positive free cash flow in 2011 despite elevated capital expenditures.

The ratings also consider its aggressive financial profile with high debt levels, S&P said.

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