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Published on 2/18/2011 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody's: Ahern unchanged

Moody's Investors Service said Ahern Rentals Inc.'s Caa2 corporate family rating and Caa3 probability of default rating are not currently affected by the announcement that on Feb. 15, the company did not make the scheduled $10.9 million interest payment on its $238 million of outstanding 9¼% second-priority senior secured notes due August 2013. The indenture governing the notes allows for a 30-day grace period to make the interest payment.


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