One of the largest U.S. car renters Operations typically generate relatively stable cash flow, even during periods of economic weakness, because of the large noncash depreciation component A significant amount of secured assets The price-competitive nature of car and consumer truck rentals On-airport car rentals are subject to the amount of airline travel, based on economic cyclicality and global events The ratings on Parsippany, N.J.-based Avis Budget Group Inc. reflect an aggressive financial risk profile and the price-competitive, cyclical nature of on-airport car rentals. The ratings also reflect the company's position as a major U.S. car rental company and the relatively stable cash flow its businesses generate, even during periods of economic weakness, because of the large noncash depreciation component.
