S&P gives Williams Scotsman B+, notes B-

S&P said it assigned a B+ corporate credit rating to Williams Scotsman Corp. and assigned a B- issue-level rating to subsidiary Williams Scotsman International, Inc.'s proposed $300 million senior secured second-lien notes.

The 6 recovery rating indicates an expectation for negligible (0%-10%; rounded estimate: 5%) recovery in the event of a default.

The outlook is stable.

“The ratings on Williams Scotsman reflect our expectation that the company will benefit from moderate economic growth and stronger conditions in the U.S. nonresidential construction market, which should improve its utilization and pricing,” S&P said in a news release.

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