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Moody's: Dollar Thrifty loan Ba3
Moody's Investors Service said it assigned a Ba3 rating to Dollar Thrifty Automotive Group's $450 million senior secured revolving credit facility.
In a related action, Moody's affirmed Dollar Thrifty's corporate family and probability of default ratings at B1.
The outlook remains stable.
Moody's said the B1 rating is supported by Dollar's strong position in the value segment of the daily car rental market along with its prudent financial strategy.
The rating also anticipates that industry fundamentals will remain strong, the agency said.
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