Fitch gives ‘BB-‘ rating to Movida, with stable outlook

The rating agency Fitch has given Movida and its notes to be issued by its subsidiary Movida Europe a long-term global “BB-” rating with stable prospects. The company’s long-term national rating is “AA-(bra)”, also with a stable outlook. According to the report, the rating reflects “a strong business position in the competitive rental and fleet management industry” as well as “adequate” operational efficiency.

Source: Valor Investe