Moody's Withdraws HSS Hire's Ratings For Own Business Reasons

Wed, 03rd Jun 2020 18:48

(Alliance News) - Moody's Investors Service has withdrawn the ratings of HSS Hire Group PLC for its own business reasons.

The ratings withdrawal includes the tool and equipment hire firm's B3 corporate family rating and B3-PD probability of default rating.

"Prior to the withdrawal, the ratings were on review for possible downgrade," the credit ratings agency added.

Moody's had not previously rated the company's term loan or revolving credit facility.

Shares in HSS Hire closed 2.1% lower in London on Wednesday at 28.00 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

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