Moody's gives United Rentals notes Ba2

Moody's Investors Service said it gave a Ba2 rating to United Rentals (North America), Inc.'s planned $750 million of senior unsecured notes due 2032. URNA's parent, United Rentals, Inc. and URNA's domestic subsidiaries will guarantee the notes.

The company's other ratings, including its Ba1 corporate family rating, Ba1-PD probability of default rating, Baa3 senior secured first-lien rating, Baa3 senior secured second-lien rating and Ba2 senior unsecured rating are unaffected.

URNA plans to use the proceeds and about $286 million of revolver borrowings to fund the redemption of all $1 billion of the 5 7/8% senior unsecured notes due 2026. The ratings on those notes will be withdrawn following the redemption.

The outlook remains stable.

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