Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes - S&P Global Ratings’ Credit Research

Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes

Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes - S&P Global Ratings’ Credit Research
Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes
Published Feb 12, 2007
Published Feb 12, 2007
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Abstract:

NEW YORK (Standard&Poor's) Feb. 12, 2007--Standard&Poor's Ratings Services today assigned its 'BB+' corporate credit rating to Avis Budget Group Inc., parent of Avis Budget Car Rental LLC (BB+/Stable/--). "The rating assignment follows Avis Budget Group's announcement on Friday that it will now guarantee Avis Budget Car Rental's unsecured notes," said Standard&Poor's credit analyst Betsy Snyder. "The ratings on both entities are the same since Avis Budget Car Rental is the primary operating subsidiary of Avis Budget Group." The outlook is stable. Ratings on Avis Budget Group Inc. and its primary operating subsidiary, Avis Budget Car Rental LLC, reflect the strong position of the Avis and Budget car rental brands within the North American on-airport

  
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes" Feb 12, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Avis-Budget-Group-Inc-Assigned-BB-CCR-Stable-Outlook-Company-To-Guarantee-Sub-s-Notes-561716>
  
APA:
S&P Global Ratings’ Credit Research. (). Avis Budget Group Inc. Assigned 'BB+' CCR, Stable Outlook; Company To Guarantee Sub's Notes Feb 12, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Avis-Budget-Group-Inc-Assigned-BB-CCR-Stable-Outlook-Company-To-Guarantee-Sub-s-Notes-561716>
  
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