DBRS Confirms Ratings in Rental Car Finance Corp. (“RCFC”) Series 2011-1 and Series 2010-3

DBRS, Inc. (“DBRS”) confirms the existing ratings for the Series 2011-1, Class A Fixed Rate Rental Car Asset Backed Notes at AAA (sf), Series 2011-1, Class B Fixed Rate Rental Car Asset Backed Notes at ‘A’ (sf) and Rental Car Asset Backed Variable Funding Notes, Series 2010-3 at AA (sf).

The ratings confirmations are based upon review of the amendment and restatement of the RCFC Series 2010-3 Supplement, Amendment No. 1 to the Back Up Servicing Agreement, termination of the covered lease notices with respect to the RCFC Group VII Lease under the Back-up Servicing Agreement, and termination of the covered lease notices with respect to the RCFC Group VII Lease under the Back-up Disposition Agent Agreement.

Furthermore, the Series 2010-3 has been confirmed based upon the review of the amendment to the RCFC Collateral Assignment of Exchange Agreement (Group VII) and the amendment and restatement of the RCFC Group VII Lease.

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.