Moody's: No ratings impact on Hertz-sponsored rental car ABS Series 2009-1 Notes due to additional cap agreement

New York, June 04, 2013 -- Moody's has reviewed the interest rate cap agreement (the Cap Agreement), dated as of May 31, 2013, relating to an interest rate cap owned by Hertz Vehicle Financing LLC (Issuer), acquired in connection with the Series 2009-1 Variable Funding Rental Car Asset-Backed Notes. In and of itself and at this time, the execution of the Cap Agreement will not cause a downgrade or withdrawal of the current rating on the Series 2009-1 rental car asset-backed notes issued by the Issuer. Hertz Vehicle Financing LLC is a special purpose entity wholly owned by The Hertz Corporation (Hertz, B1 stable), which is the master servicer for the transaction.

Vollständigen Artikel bei Moodys lesen