Fitch affirms Wheels

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

The outlook is stable.

Fitch said that its affirmation reflects Wheels' stable operating performance through many economic and capital market environments as well as its established competitive position within the fleet leasing market.

The stable outlook is driven by Fitch's expectation that Wheels will maintain its competitive market position, continue to generate good cash flow and retain access to cost efficient funding in the current economic environment, the agency noted.

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