S&P: Enterprise outlook positive

Standard & Poor's said it revised its outlook on Enterprise Rent-A-Car Co. and its wholly owned finance subsidiary, ERAC USA Finance Co., to positive from stable based on an improving financial profile even in the distressed car rental environment.

The agency also affirmed the BBB long-term and A-2 short-term ratings on the company.

Enterprise's credit ratios have improved due to continued strong cash flow, significantly reduced capital spending and debt reduction, S&P said.

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