Avis Budget Group Inc.'s financial profile has improved over the past year due to stronger operating performance. We are affirming our ratings, including the 'B+' corporate credit rating, and revising the outlook to positive from stable. The positive outlook reflects our belief that the company's financial profile will continue to improve due to increased earnings and stronger cash flow generation. On April 1, 2013, Standard&Poor's Ratings Services affirmed its ratings, including its 'B+' corporate credit rating, on Parsippany, N.J.-based car and truck renter Avis Budget Group Inc. At the same time, we revised our outlook on the rating to positive from stable. The outlook revision on Avis Budget (parent of the Avis and Budget car rental brands, the
