DBRS confirms Avis Budget

DBRS said it confirmed the ratings of Avis Budget Group, Inc. and Avis Budget Car Rental, LLC, including the company’s long-term issuer rating of BB.

Concurrently, the agency assigned a support assessment of SA3, which results in the company’s intrinsic assessment to be equalized to the long-term issuer rating.

The trend is stable.

DBRS said the ratings consider Avis Budget’s solid global franchise, including a top-tier U.S. on-airport business, a sound off-airport franchise and a good-sized truck rental business.

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