Press Release

DBRS Takes Rating Actions on U.S. Rental Car Asset-Backed Securities

Auto

August 08, 2011

DBRS Inc. has conducted a review of all outstanding U.S. structured finance rental car asset-backed securities transactions issued through December 31, 2010. Of the 9 transactions reviewed, all 16 outstanding classes were confirmed.

The collateral supporting the transactions is performing within DBRS expectations and available credit enhancement for each class is sufficient to cover DBRS expected losses.

The following transactions have been reviewed:
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2008-1
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-2
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-3
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-4
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-5
•Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-6
•Rental Car Finance Corp., Series 2010-1
•Rental Car Finance Corp., Series 2010-3
•RBSSP Resecuritization Trust 2010-7

Notes:
DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.

The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

Ratings

Avis Budget Rental Car Funding (AESOP) LLC, Series 2008-1

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	$1,025 million Series 2008-1 Notes	A (high) (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Series 2010-2 Notes, Class A	AAA (sf)	--	Confirmed	US E
08-Aug-11	Series 2010-2 Notes, Class B	BBB (high) (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Series 2010-3 Notes, Class A	AAA (sf)	--	Confirmed	US E
08-Aug-11	Series 2010-3 Notes, Class B	BBB (high) (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Series 2010-4 Notes, Class A	AAA (sf)	--	Confirmed	US E
08-Aug-11	Series 2010-4 Notes, Class B	BBB (high) (sf)	--	Confirmed	US E
08-Aug-11	Series 2010-4 Notes, Class C	BBB (low) (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Series 2010-5 Notes, Class A	AAA (sf)	--	Confirmed	US
08-Aug-11	Series 2010-5 Notes, Class B	BBB (high) (sf)	--	Confirmed	US
08-Aug-11	Series 2010-5 Notes, Class C	BBB (low) (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	$1,025 million Series 2010-6 Notes	AA (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Class A Notes	A (sf)	--	Confirmed	US E
08-Aug-11	Class AIO Notes	A (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
08-Aug-11	Rental Car Asset Backed Variable Funding Notes, Series 2010-1	AA (sf)	--	Confirmed	US
08-Aug-11	Rental Car Asset Backed Variable Funding Notes, Series 2010-3	AA (sf)	--	Confirmed	US

Avis Budget Rental Car Funding (AESOP) LLC, Series 2008-1

$1,025 million Series 2008-1 Notes

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:USE

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-2

Series 2010-2 Notes, Class A

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-2 Notes, Class B

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:USE

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-3

Series 2010-3 Notes, Class A

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-3 Notes, Class B

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:USE

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-4

Series 2010-4 Notes, Class A

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4 Notes, Class B

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4 Notes, Class C

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:USE

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-5

Series 2010-5 Notes, Class A

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-5 Notes, Class B

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-5 Notes, Class C

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-6

$1,025 million Series 2010-6 Notes

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:USE

RBSSP Resecuritization Trust 2010-7

Class A Notes

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Class AIO Notes

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Rental Car Finance Corp.

Rental Car Asset Backed Variable Funding Notes, Series 2010-1

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Rental Car Asset Backed Variable Funding Notes, Series 2010-3

Date Issued:Aug 8, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

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