DBRS confirms Enterprise

DBRS said it confirmed the ratings of Enterprise Rent-A-Car Co., including its A (low) issuer rating.

The trend is stable.

The confirmation considers the company's strong market position in the home city and airport vehicle rental segments, its solid revenue generation ability and its sound, well-managed liquidity profile, the agency said.

Leverage remains acceptable, in DBRS' view, and the ratings incorporate continued reduced leverage.

The stable rating trend reflects the agency's view that, although the overall volume of rental transactions will remain depressed, Enterprise's large variable cost structure, including the flexibility to reduce its fleet, will allow the company to continue to generate acceptable levels of cash flow from operations while remaining solidly profitable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.