Shares of Emeco Holdings (ASX:EHL) inched up in Thursday trade after the company said in a late Wednesday Australian bourse filing that Fitch Ratings had affirmed its long-term issuer default rating at "BB-" with a stable outlook and maintained the "BB" rating on its AU$250 million senior secured notes.
The credit ratings agency cited the company's strong profits, diverse revenues, and high-margin rental business, supported by its rebuild and maintenance network, per the filing.
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