DBRS might lift Enterprise

DBRS said it placed the long-term ratings of Enterprise Holdings, Inc. and the senior notes rating of ERAC Canada Finance Co. under review with positive implications.

Additionally, the agency confirmed Enterprise’s short-term ratings and ERAC Canada’s commercial paper rating at R-1 (low) with a stable trend.

DBRS confirmed the company’s support assessment of SA3. Its intrinsic assessment is equalized with the long-term issuer rating.

The agency said the under review with positive implications reflects the company’s long history of strong operating and financial performance, as well as expectations that Enterprise will continue to perform at a level consistent with a higher rating level.

Moreover, Enterprise has continued to demonstrate sound balance sheet management by maintaining leverage at a very low level that is also consistent with a higher rating, DBRS added.

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