Moody's lifts Mobile Mini

Moody's Investors Service said it upgraded the corporate family rating of Mobile Mini Inc. to Ba3 and the rating on the company's senior unsecured notes to B1.

The outlook is stable.

Moody's said the upgrade to the corporate family rating reflects Mobile Mini's consistent operating profitability which is expected to be sustained.

However, Mobile Mini has demonstrated resiliency during a weak economic cycle, the agency added, noting that part of this is due to the nature of its product, mobile storage units.

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