S&P rates Mobile Mini debt BB-, B+

Standard & Poor's said it assigned its preliminary BB- senior unsecured and B+ subordinated debt ratings to Mobile Mini Inc.'s $200 million mixed shelf registration.

The company may also issue common stock, preferred stock, guarantees, warrants or depositary shares under the shelf.

At the same time, S&P affirmed its BB corporate credit rating and BB- senior unsecured debt rating on Mobile Mini. The outlook is stable.

The company plans to use the future shelf proceeds for general corporate purposes, including working capital, branch expansion, capital expenditures and debt refinancing.

S&P said the ratings on Mobile Mini Inc. reflect its leading market position as a lessor of portable storage units and respectable credit ratios for its rating category.

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