S&P affirms Mobile Mini

Standard & Poor's said it affirmed the BB- corporate credit rating on Mobile Mini Inc., along with the B+ rating on the senior unsecured notes.

The 5 recovery rating, indicating 10% to 30% expected recovery in a default, is unchanged.

The outlook remains stable.

The ratings reflect its substantial debt usage, narrow business segment and exposure to cyclicality in certain end markets, S&P said.

These weaknesses are somewhat offset by the company's leading market position and relatively stable earnings and cash flow, the agency said.

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