S&P ups H & E view to stable

Standard & Poor's said it revised its outlook for H & E Equipment Services LLC to stable from negative on improving credit protection measures stemming from a recovery in the equipment rental industry.

All ratings were affirmed and continue to reflect S&P's assessment of the company's weak business position as a provider of construction equipment rental services and its highly leveraged financial profile, the agency said.

S&P noted that despite H & E's sales rising 15% in 2004, performance in the Gulf Coast region remains sluggish because of the extended turnaround period for petrochemical plant maintenance.

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