S&P revises Ahern Rentals view to stable

S&P revised its outlook on Ahern Rentals Inc. to stable from positive and affirmed its B issue-level rating on the company, citing expectations for steady operating performance and financial leverage.

At the same time, S&P affirmed its B- issue-level rating on the company's senior secured second-lien notes due 2023 and the 5 recovery rating, according to a news release.

S&P said its stable outlook for the Las Vegas-based equipment rental company “reflects our view that the company's operating performance and financial leverage metrics will be sustained in the low-4x area over the next 12 months.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.