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S&P lifts, withdraws Neff
S&P said it raised its corporate credit rating on Neff Rental LLC to BB- from B and removed the rating from CreditWatch, where it was placed with positive implications on July 17.
The outlook is positive.
At the same time, the agency withdrew the B- issue-level rating and 5 recovery rating on Neff's senior secured debt after it was repaid in full.
Subsequently, S&P withdrew the corporate credit rating on Neff at United Rentals Inc.’s request.
The agency said the actions follow United Rentals’ acquisition of Neff.
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