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Prospect News home > News index > List of issuers E > Headlines for eHi Car Services Ltd. > News item |
Fitch downgrades eHi to B+
Fitch Ratings said it downgraded eHi Car Services Ltd.’s long-term issuer default rating to B+ from BB- and removed it from rating watch negative.
The outlook is stable.
Fitch said the downgrade reflects leverage that was higher than expectations at the end of 2017 and the agency’s view that meaningful deleveraging is unlikely in the next two to three years.
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