DBRS alters Avis trend to positive

DBRS said it revised the trend to positive from stable and affirmed its ratings for Avis Budget Group, Inc. and its related subsidiary Avis Budget Car Rental, LLC, including the company’s long-term issuer rating of B.

“The ratings confirmation and positive trend consider Avis Budget’s sound vehicle rental franchise, underpinned by its top-tier U.S. on-airport business, its solid off-airport business, its broad international business, and its capable senior management team. The rating actions reflect the company’s improved earnings generation capacity driven by the solid demand for rental cars and improved pricing,” the agency said in a press release.

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