S&P rates Ahern debt B

Standard & Poor's said it assigned a B corporate credit rating to Ahern Rentals Inc., along with a B rating and 4 recovery rating on its second-lien secured debt.

The 4 recovery rating indicates 30% to 50% expected default recovery.

The outlook is stable.

The action follows news that Ahern emerged from bankruptcy June 24, S&P said. The ratings reflect the company's weak business risk profile and highly leveraged financial risk profile, the agency said.

The stable outlook reflects the current favorable business conditions in the equipment rental industry, S&P said.

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