Press Release

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

Auto
November 06, 2013

DBRS, Inc. (“DBRS”) has reviewed the Second Amended and Restated Series Supplement, dated as of November 5, 2013, relating to the Series 2010-6 Variable Funding Notes issued by Avis Budget Rental Car Funding (AESOP) LLC (the “Issuer”) and based upon this review has confirmed the ratings to the series and classes of notes issued by the Issuer as listed below:

--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 to ‘A’ (low) (sf)
--Series 2011-3 Notes, Class C confirmed to BBB (low) (sf)
--Series 2011-5 Notes, Class A confirmed at AAA (sf)
--Series 2011-5 Notes, Class B confirmed to ‘A’ (low) (sf)
--Series 2011-5 Notes, Class C confirmed to BBB (low) (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 to ‘A’ (low) (sf)
--Series 2012-2 Notes, Class C confirmed to BBB (low) (sf)
--Series 2012-3 Notes, Class A confirmed at AAA (sf)
--Series 2012-3 Notes, Class B confirmed to ‘A’ (low) (sf)
--Series 2012-3 Notes, Class C confirmed to BBB (low) (sf)
--Series 2013-1 Notes, Class A confirmed at AAA (sf)
--Series 2013-1 Notes, Class B confirmed to ‘A’ (low) (sf)
--Series 2013-1 Notes, Class C confirmed to BBB (low) (sf)
--Series 2013-2 Notes, Class A confirmed at AAA (sf)
--Series 2013-2 Notes, Class B confirmed to BBB (high) (sf)

Notes:
All figures are in USD unless otherwise noted.

The applicable methodology is Rating U.S. Rental Car Securitizations, 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 2010-3
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 2011-1
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-2
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-3
Avis Budget Rental Car Funding (AESOP) LLC, Series 2011-5
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-1
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-2
Avis Budget Rental Car Funding (AESOP) LLC, Series 2012-3
Avis Budget Rental Car Funding (AESOP) LLC, Series 2013-1
Avis Budget Rental Car Funding (AESOP) LLC, Series 2013-2
  • 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

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.

Related Documents

Methodology Used:

Issuers

Show All

Contacts

Further Inquiries

To speak to members of our Business Development or Media Relations teams, please click here for more information.

More from Morningstar DBRS