S&P assigns ERAC USA notes BBB+ rating

Standard & Poor's said it assigned its BBB+ issue rating to ERAC USA Finance LLC's senior unsecured notes. ERAC's parent, Enterprise Holdings Inc., guarantees the notes.

S&P said the ratings on Enterprise Holdings reflect the company's leading market position in the relatively stable off-airport (replacement and local) segment of the car rental industry, good earnings, and cash flow generation.

S&P said it assesses Enterprise Holdings' business risk profile as "satisfactory," its financial risk profile as "intermediate" and its liquidity as "adequate."

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