DBRS Comments on Avis Budget Group’s Intention to Acquire DTAG

DBRS has today commented that the ratings of Avis Budget Group, Inc. (Avis Budget or the Company), including its Issuer Rating of B (high) are unaffected following the Company’s announcement that it intends to continue to pursue the acquisition of Dollar Thrifty Automotive Group, Inc. (DTAG) (Issuer Rating of B (high) by DBRS). The trend on all ratings is Stable.

At this time DBRS sees no impact on the ratings of Avis Budget given the absence of a signed merger agreement and the lack of additional key details regarding the transaction. However, DBRS will monitor developments and will provide comments in due course, as details of any definitive agreement become available.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Finance Companies Operating in the United States, which can be found on our website under methodologies.