DBRS rates Enterprise Holdings R-1 (low)

DBRS said it confirmed the ratings of Enterprise Holdings, Inc., including the long-term issuer rating of A (low) and its short-term instruments rating of R-1 (low).

Further, the senior notes rating of ERAC Canada Finance Co. was confirmed at A (low), reflecting the guarantee from Enterprise.

Concurrently, the agency assigned Enterprise a short-term issuer rating of R-1 (low), and a support assessment of SA3, which results in the company’s intrinsic assessment to be equalized with the long-term issuer rating at A (low).

The trend is stable.

DBRS said the confirmation considers Enterprise’s strong global franchise, which holds leading market shares in the U.S. home-city and U.S. on-airport markets.

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