Fitch Plans to Withdraw Ratings of Avis Budget Group, Inc.
Fitch currently rates Avis Budget Group, Inc. as follows:
Avis Budget Group, Inc.
--Long-term Issuer Default Rating (IDR) at 'BB-'.
Avis Budget Car Rental, LLC
--Long-term IDR at 'BB-';
--Senior secured term loan at 'BBB-';
--Revolving credit facility at 'BBB-';
--Senior unsecured debt at 'BB-'.
Avis Budget Finance PLC
--Long-term IDR at 'BB-';
--Senior unsecured debt at 'BB-'.
Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal. Ratings are subject to analytical review and change up to the time Fitch withdraws the ratings.
Fitch's last rating action for the above referenced entities was on Oct. 14, 2014. The ratings were affirmed with a Stable Outlook.
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