S&P Global upgrades United Rentals to investment grade on leverage cushion

Investing.com -- S&P Global Ratings has upgraded the issuer credit rating for United Rentals Inc (NYSE:URI) to investment-grade status at 'BBB-' from 'BB+', citing the equipment rental giant’s disciplined financial policy, sustained cash flow generation, and reduced leverage. The rating agency also raised the issue-level rating on the company’s unsecured debt to 'BBB-' while affirming its 'BBB-' rating on senior debt, establishing a stable outlook that reflects expectations for steady operating