ERAC Canada Finance Ltd. and Enterprise Rent-A-Car Company

Rating		Trend		Rating Action		Debt Rated
A (low)	Stable		Confirmed		Senior Notes - ERAC
Canada Finance Ltd.

R-1 (low)	Stable		Confirmed		Commercial Paper
- ERAC Canada Finance Ltd.
A (low)	Stable		Confirmed		Corporate Rating -
Enterprise Rent-A-Car Company

DBRS is confirming the above ratings of ERAC Canada Finance Ltd. and
Enterprise Rent-A-Car Company ("Enterprise" or "the Company") with
continuing Stable trends, based on the Company's leadership position and
experience in its core local rent-a-car operation in the U.S. Despite
soft used car prices and the economic and travel industry slowdown in
the first half of 2001, which have recently reduced the profitability of
other car rental companies active in the U.S. car rental and leasing
industries, Enterprise expects record revenues and profits for fiscal
2001. Such contrasting results can be attributed to the Company's focus
on the local (non-airport) car rental segment, which is less cyclical
than the airport segment, and the advantages Enterprise has over other
car rental companies in the areas of customer sourcing and the disposal
of vehicles using a multi-distribution approach. The latter abilities
have enabled the Company to continue to sell used vehicles at a
significant gain, although a continued weak used car market and an
accounting change are expected to reduce average gains on sale somewhat
in Fiscal 2002. Although the recent tragic events in the U.S. are
anticipated to lead to reduced demand for car rentals in on-airport
operations, at least in the short term, we do not anticipate the events
to have a significant overall negative financial impact on Enterprise,
given its local market focus.

Slower growth than planned in the car rental fleet has helped increase
liquidity, which is expected to lead to further improvement in the
Company's leverage. The Company's international operations, although
still small in relation to the core U.S. business, continue to grow, and
are now profitable on an overall basis. Operations outside of the U.S.
include Canada, the U.K., Germany, and Ireland.