Localiza Rent a Car SA (RENT3.SA)
21 Nov 2017
Fri, Nov 17 2017
Fitch Downgrades Localiza's LC IDR to 'BBB-'; Affirms FC IDR at 'BB+' & National Scale at 'AAA(bra)'
(The following statement was released by the rating agency) CHICAGO, November 17 (Fitch) Fitch Ratings has affirmed Localiza Rent a Car S.A.'s (Localiza) Long-Term Foreign Currency Issuer Default Rating (LT FC IDR) at 'BB+' and its National Scale rating at 'AAA(bra)'. At the same time, Fitch has downgraded Localiza's LT Local Currency IDR to 'BBB-' from 'BBB'. The Rating Outlook is Negative for the FC IDR and Stable for the Local Currency IDR and National Scale Rating. A full list of ratings fol
* Hertz launches strategic partnership with Localiza, South America's largest rental car company
SAO PAULO, July 20 Localiza Rent a Car SA , Brazil's biggest car rental agency, on Thursday posted its biggest quarterly profit ever as falling interest rates and a fast-growing fleet boosted sales and profitability.