Fitch: Avis unchanged

Fitch Ratings said the credit ratings of Avis Budget Group, Inc. and Avis Budget Car, Rental, LLC are not affected by the proposed acquisition of Avis Europe. Avis Budget has a long-term issuer default ratings of B+ with a stable outlook.

Given the shared heritage, branding and infrastructure, Fitch said it believes the acquisition is a good and complementary strategic fit, strengthens the company's competitive position within the sector and adds diversity to the revenue stream.

Integration risks do not represent a material concern, the agency added.

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