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.