Avis Budget Group Inc (CAR)

[Mr B]

Securities Alert: CAR - PR Newswire and BusinessWire News‏
From: TD AMERITRADE/Wall St.on Demand ([e-mail])
Sent: Mon 2/23/09 7:55 AM
To: [e-mail]

TD AMERITRADE - Securities AlertDelivered by Wall Street On DemandMonday, February 23, 2009 9:55:28 AM EST Log On to your TD AMERITRADE Account:https://wwws.ameritrade.com/cgi-bin/apps/LogIn PR Newswire and BusinessWire News ============================================================ Avis Budget Group Inc CAR:NYSE A.M. Best Affirms Ratings of Pathfinder Insurance CompanyBusinessWire9:54 AM ET A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Pathfinder Insurance Company (Pathfinder) (Denver, CO). The outlook for both ratings is stable. The ratings reflect Pathfinder's strong capitalization, conservative leverage and operating strategies and historically high profitability. Partially offsetting these positive rating factors are the company's limited scope of business and its dependence on its ultimate parent, Avis Budget Group Inc. (Avis Budget) (NYSE: CAR), for business generation. Pathfinder continues to have minimal losses due to the structure of coverage it provides and the strict risk management program it has in place. The ratings also consider the company's strategic value in providing automobile liability insurance to a portion of Avis Budget's corporately owned rental fleets. A.M. Best remains the leading rating agency of captive insurers rating a wide variety of more than 200 captives in the United States and throughout the world. For current Best's Ratings and independent data on the captive and alternative insurance market, please visit www.ambest.com/captive. The principal methodologies used in determining these ratings, including any additional methodologies and factors, which may have been considered, can be found at www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. SOURCE: A.M. Best Co. A.M. Best Co. Analysts Fred Eslami, 908-439-2200, ext. 5406 [e-mail] or Steven Chirico, CPA, 908-439-2200, ext. 5087 [e-mail] or Public Relations Jim Peavy, 908-439-2200, ext. 5644 [e-mail] or Rachelle Morrow, 908-439-2200, ext. 5378 [e-mail] ============================================================ Past performance of a security, industry or sector does not guarantee future results or success. The Portfolio Summary report is for informational purposes only. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold. Money market funds and mutual funds are not FDIC-insured, may lose value and are not guaranteed by a bank or other financial institutions or government agencies.