Localiza's Acquisition of Hertz Brazil Boosts Brand Name without Weakening Credit Quality
ISSUER COMMENT CORPORATES DECEMBER 12, 2016 Localiza’s Acquisition of Hertz Brazil Boosts Brand Name without Weakening Credit Quality From Credit Outlook Localiza Rent a Car S.A. (Ba2 negative) on Tuesday said that it had planned to buy the Brazilian operations of The Hertz Corporation (B1 negative) for an estimated BRL337 million ($100 million) in cash. The acquisition is credit positive for Loca
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