Moody's affirms United Rental's Ba1 CFR and assigns Ba2 rating to new senior unsecured notes
Moody's Ratings ("Moody's") affirmed United Rentals (North America), Inc.'s (URNA) Ba1 corporate family rating (CFR), Ba1-PD probability of default rating, Baa3 backed senior secured first lien rating, Ba1 backed senior secured second lien rating, and Ba2 backed senior unsecured rating. Concurrently...United Rentals is an equipment rental company that operates throughout the United States and Canada, and Europe. The company's general rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. This segment's customers include construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The company's trench, power and fluid solutions segment includes the rental of construction products and related services. This segment consist of: Trench Safety region, Power and Heating, Ventilating and Air Conditioning region; and Fluid Solutions and Fluid Solutions Europe regions.
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