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Moody's upgrades Williams Scotsman rating

Jul 03, 2020 - SNL Financial
Mergers and Acquisitions

The ratings outlook is stable.

Moody's upgraded Williams Scotsman International Inc.'s corporate family rating to B1 from B2, with a stable outlook, following the recent completion of the merger between its parent WillScot Corp. and Mobile Mini Inc.

The rating agency said the upgrade is based on its assessment that Williams Scotsman's credit profile has improved following the closing of the merger, impacting an increase of its stand-alone assessment to b1 from b2.

Moody's antic...