Emeco Holdings (ASX:EHL) said Moody's has reaffirmed its "Ba3" corporate family rating with a stable outlook, citing the company's established position in Australia's mining equipment rental and maintenance sector, according to a Thursday Australian bourse filing.
Moody's also noted that the growing contribution from maintenance services is improving earnings resilience and quality by diversifying revenue streams and lowering the company's capital intensity.
The company's shares rose 1% in recent Thursday trade.
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