S&P Global Ratings upgrades United Rentals to 'BBB-'
URI United Rentals Inc
$1104.94 -2.06%
View chart & analysis → - 1S&P Global Ratings upgraded the issuer credit rating of United Rentals Inc from 'BB+' to 'BBB-'.
- 2The agency cited United Rentals' annual free operating cash flow exceeding $1.5 billion over the past five years as the basis.
- 3United Rentals' annual revenue growth is projected to be between 8% and 10% through 2027.
So what's the key point?
A credit rating agency raised the credit rating for United Rentals. This reflects the fact that the company has earned more than $1.5 billion in cash annually.
Source Investing.com · View original ↗
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