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27 Σεπ 2019 · Fitch Ratings - Chicago - 27 Sep 2019: Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Penske Truck Leasing Co., L.P. and its rated subsidiaries at 'BBB+' following Fitch's annual review of commercial fleet leasing companies. The Rating Outlook is Stable.
Therefore, we affirmed our ratings on Penske, including our 'BBB' issuer credit rating, and revised our outlook to positive from stable.
11 Οκτ 2016 · Penske is a partnership between Penske Truck Leasing Corporation 41.08%, Penske Automotive 23.42%, Mitsui & Co., Ltd 20.0%, and GE Capital 15.5%. Fitch has affirmed the following ratings: Penske Truck Leasing Co. L.P.--Long-Term IDR at 'BBB+';--Senior unsecured debt at 'BBB+'. PTL Finance Corporation--Long-Term IDR at 'BBB+';
Penske Capital Partners is a 1997 vintage buyout fund managed by TRP Capital Partners. The fund is based in Birmingham, Michigan. The fund will focus in the sector of transportation.
NEW YORK (S&P Global Ratings) Sept. 10, 2019--S&P Global Ratings today assigned its 'BBB' issue-level rating to Penske Truck Leasing Co. L.P.'s proposed senior unsecured notes. The company plans to use the proceeds to refinance existing debt and for ...
Our 'BBB' issuer credit rating on Penske reflects its strong market positions in full-service truck leasing and commercial truck rentals. The company primarily generates revenue from long-term leases that produce relatively strong and stable cash flow, even during periods of economic weakness.
1 Απρ 2020 · Fitch Ratings - Chicago - 01 Apr 2020: Fitch Ratings expects to assign a 'BBB+' rating to Penske Truck Leasing Co., L.P. and PTL Finance Corporation's (collectively, Penske) proposed issuance of $300 million, five-year senior unsecured notes due July 2025.