DBRS Confirms Ratings of Hertz Vehicle Financing II LP Series 2013-A and Series 2014-A
AutoDBRS has today confirmed the ratings of the variable funding notes issued by Hertz Vehicle Financing II LP (HVF II) as follows:
-- Series 2013-A Notes at A (sf)
-- Series 2014-A Notes at A (sf)
The rating confirmation relates to DBRS’s review of certain amendments to the Master Exchange Agreement, including a change to the definition of a QI Parent Downgrade Event.
Notes:
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
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.