New York, October 13, 2016 -- Moody's Investors Service announced today that the proposal to amend the Master Exchange Agreement and execute a new Escrow Agreement (the Amendments) would not, in and of themselves and as of this time, result in the downgrade, the placement on review for possible downgrade or withdrawal of the ratings currently assigned to any outstanding series of notes issued by Avis Budget Rental Car Funding (AESOP) LLC (the Issuer), an affiliate of Avis Budget Car Rental LLC (B1).

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