DBRS upgrades Enterprise

DBRS said it upgraded the long-term ratings for Enterprise Holdings, Inc. and its related entity, ERAC Canada Finance Co., including its long-term issuer rating to A from A (low).

The agency also said it confirmed the short-term ratings of Enterprise and its related entity, DBRS said.

The trend is stable.

The upgrades reflect Enterprise’s long track record of strong operating and financial performance, the agency said.

The company’s earnings capacity has been resilient with returns consistent with an A rating, DBRS said.

Enterprise’s strong and resilient performance has been accomplished through various cycles, including economic downturns, industry over-fleeting and shifting customer preferences, the agency said.

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