Fitch revises eHi Car to negative

Fitch Ratings said it affirmed eHi Car Services Ltd.'s long-term issuer default rating, senior unsecured rating and the rating of its outstanding $200 million 7˝% senior notes due 2018 at BB-.

The outlook was revised to negative from stable.

Fitch said the outlook revision reflects the company's higher leverage, ongoing capex requirements and the agency’s expectation that deleveraging is not probable in the next few years.

© 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.