DBRS: Dollar Thrifty unchanged

DBRS said the ratings of Dollar Thrifty Automotive Group, Inc., including its issuer rating of B (high), are unaffected following news of the company's $12.5 million of net income in the fourth quarter of 2010 and $131.2 million for full year 2010.

The trend remains stable.

DBRS said the company's financial results demonstrate solid operating performance given the tepid economic recovery and modest increase in leisure travel volumes.

Its financial results benefited from the solid revenue generation ability of the franchise and lower direct vehicle and operating expenses, the agency said.

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