TEXT - S&P affirms Hertz Global Holdings Inc
Posted on November 19, 2012 at 10:46 AM EST
Overview -- Car and equipment rental and leasing company Hertz Global Holdings Inc. (Hertz) has received regulatory approval to acquire competitor Dollar Thrifty Automotive Group Inc., and we expect the transaction to close shortly. -- We are affirming our ratings, including the 'B+' corporate credit ratings on Hertz and its major operating subsidiary Hertz Corp. -- We are also removing all ratings from CreditWatch, where we placed them with negative implications on Aug. 27, 20