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S&P: United Rentals on developing watch
Standard & Poor's said it revised the CreditWatch implications for its ratings on United Rentals (North America) Inc. and for its parent, United Rentals Inc. (URI), to developing from negative.
This includes the BB- corporate credit rating on the company, the agency said.
The revision follows URI's filing of quarterly financial reports for 2005 interim periods, S&P noted.
The ratings were originally placed on CreditWatch with negative implications on Aug. 30, 2004, in response to an SEC inquiry into the company's accounting practices, the agency added.
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