Localiza Rent a Car SA (RENT3.SA)

RENT3.SA on Sao Paulo Stock Exchange

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Sat, Nov 18 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

BRIEF-Hertz launches strategic partnership with Localiza

* Hertz launches strategic partnership with Localiza, South America's largest rental car company

Brazil's Localiza posts record profit as fleet grows

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.

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