Fitch affirms Wheels

Fitch Ratings said it affirmed Wheels Inc.'s long-term issuer default rating at A, short -term issuer default rating at F1 and commercial paper rating at F1.

The outlook is stable.

The affirmation primarily recognizes the company's relatively stable operating performance, Fitch said, 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.

Concerns include Wheels' internal capital formation and a highly competitive fleet leasing industry, Fitch said.

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