Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects - S&P Global Ratings’ Credit Research

Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects

Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects - S&P Global Ratings’ Credit Research
Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects
Published Mar 16, 2010
Published Mar 16, 2010
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) March 16, 2010--Standard&Poor's Ratings Services today said it has raised its issue ratings on the senior unsecured notes of Avis Budget Car Rental LLC, a unit of Avis Budget Group, to 'B' from 'B-' and revised the recovery ratings on these notes to '5' from '6', indicating our expectation that lenders would receive modest (10% to 30%) recovery in a payment default scenario. These are the same ratings we assigned on March 3, 2010, to the company's new $450 million notes issue. The company's 'B+' corporate credit rating and stable outlook remain unchanged. (For the complete recovery profile, please see the report to be published shortly on RatingsDirect.) The changes to the recovery

  
Report Type:

Ratings Action

Ticker
CAR
Issuer
Avis Budget Group Inc.
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects" Mar 16, 2010. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Avis-Budget-Group-Inc-Senior-Unsecured-Ratings-Raised-To-B-Recov-Rtg-5-On-Improved-Recovery-Prospects-782335>
  
APA:
S&P Global Ratings’ Credit Research. (). Avis Budget Group Inc. Senior Unsecured Ratings Raised To 'B', Recov. Rtg. '5', On Improved Recovery Prospects Mar 16, 2010. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Avis-Budget-Group-Inc-Senior-Unsecured-Ratings-Raised-To-B-Recov-Rtg-5-On-Improved-Recovery-Prospects-782335>
  
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