Press Release

DBRS Confirms Ratings on Avis Budget Rental Car Funding (AESOP) LLC

Auto
September 13, 2012

DBRS, Inc. (DBRS) has today confirmed the following classes issued by Avis Budget Rental Car Funding (AESOP) LLC:

--Series 2010-2 Notes, Class A confirmed at AAA (sf)
--Series 2010-2 Notes, Class B confirmed at BBB (high) (sf)
--Series 2010-3 Notes, Class A confirmed at AAA (sf)
--Series 2010-3 Notes, Class B confirmed at BBB (high) (sf)
--Series 2010-4 Notes, Class A confirmed at AAA (sf)
--Series 2010-4 Notes, Class B confirmed at BBB (high) (sf)
--Series 2010-4 Notes, Class C confirmed at BBB (low) (sf)
--Series 2010-5 Notes, Class A confirmed at AAA (sf)
--Series 2010-5 Notes, Class B confirmed at BBB (high) (sf)
--Series 2010-5 Notes, Class C confirmed at BBB (low) (sf)
--Series 2011-1 Notes, Class A confirmed at AAA (sf)
--Series 2011-1 Notes, Class B confirmed at BBB (high) (sf)
--Series 2011-2 Notes, Class A confirmed at AAA (sf)
--Series 2011-2 Notes, Class B confirmed at BBB (high) (sf)
--Series 2011-3 Notes, Class A confirmed at AAA (sf)
--Series 2011-3 Notes, Class B confirmed at BBB (high) (sf)
--Series 2011-5 Notes, Class A confirmed at AAA (sf)
--Series 2011-5 Notes, Class B confirmed at BBB (high) (sf)
--Series 2012-1 Notes, Class A confirmed at AAA (sf)
--Series 2012-1 Notes, Class B confirmed at BBB (high) (sf)
--Series 2012-2 Notes, Class A confirmed at AAA (sf)
--Series 2012-2 Notes, Class B confirmed at BBB (high) (sf)
--Series 2012-3 Notes, Class A confirmed at AAA (sf)
--Series 2012-3 Notes, Class B confirmed at BBB (high) (sf)

The confirmation is based on the DBRS review of the amendment to the Series 2010-6 Supplement and related documents dated as of September 12, 2012.

Notes:
The applicable methodology is Rating U.S. Rental Car Securitizations, and DBRS Master U.S. Surveillance Methodology, which can be found on our website under Methodologies, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-2
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-3
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-4
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2010-5
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-1
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-2
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-3
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-5
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-1
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-2
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-3
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 13, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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