Localiza Rent a Car SA (RENT3.SA)
15 Dec 2017
R$ 0.19 (+0.91%)
|Market Cap(Mil.):||R$ 13,078.35|
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 New rules restricting drivers of out-of-town vehicles from working with ride-hailing services in São Paulo came under fire from technology and rental car executives on Thursday, who threatened to legally challenge the decision in Brazil's biggest city.
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.