Moody's assigns United Rental notes Ba3

Moody's Investors Service said it assigned a Ba3 rating to United Rentals (North America), Inc.'s planned $750 million of senior unsecured notes due 2030. The company’s parent United Rentals, Inc. and URNA's domestic subsidiaries will guarantee the notes. The company's other ratings, including its Ba2 corporate family rating, Ba2-PD probability of default rating, Baa3 senior secured first-lien rating, Ba1 senior secured second-lien rating and Ba3 senior unsecured rating are unaffected. The outlook remains stable.

URNA plans to use the proceeds together with about $50 million of revolver borrowings to fund the redemption of all $800 million of the 5˝% senior unsecured notes due 2025. The ratings on these notes will be withdrawn following the redemption.

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