| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hertz Corp. > News item |
DBRS revises Hertz view to stable
DBRS said it revised the trend for ratings for Hertz Corp. to stable from negative.
“The change in trend to stable from negative reflects the company’s improving profitability trajectory. Moreover, DBRS views positively, the withdrawal of Hertz’s material weakness designation from its audited financials, as the company has established an effective framework for internal controls over financial reporting, benefitting operational risk. Finally, the stable trend also considers the continuing traction gained by the overall transformation initiatives undertaken by the company,” DBRS said in a news release.
The agency affirmed Hertz’s ratings, including the long-term issuer rating of BB (low).
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.