Emeco Holdings Reports No Change to Ratings After Moody's Review

MT Newswires Live

Oct 24

Emeco Holdings (ASX:EHL) said Moody's Investors Service's periodic review of the firm's ratings resulted in no changes, including to its Ba3 corporate family rating with a stable outlook, according to a Friday Australian bourse filing.

The Ba3 credit profile reflects the company's strong market position in the Australian mining equipment rental sector and the increasing contribution of its capital-light maintenance business, per the ratings firm.

Emeco's shares fell almost 1% in recent trading on Friday.

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