Fitch affirms Wheels

Fitch Ratings said it affirms Wheels Inc.'s ratings as follows: long-term issuer default rating A; short -term issuer default rating F1; and commercial paper F1.

The outlook is stable.

Fitch said that its affirmation primarily recognizes the company's relatively stable operating performance, and established competitive position within the fleet leasing market.

This is further supported by Wheels customer service orientation and focused information technology capabilities, the agency said, noting that rating concerns include the effect of economic downturn on Wheels' clients and reliance on secured sources of funding.

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