Fitch affirms eHi Car Services

Fitch Ratings said it affirmed eHi Car Services Ltd.'s long-term issuer default rating and senior unsecured rating at B+.

The outlook is negative.

All ratings were removed from rating watch negative, where they were placed on Nov. 7.

eHi has successfully refinanced the $200 million bonds that matured in December, resulting in the rating watch being resolved, the agency explained.

The affirmation reflects the company's leverage and market position against an uncertain regulatory environment, Fitch said.

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