Press Release

DBRS Confirms Ratings of Hertz Vehicle Financing II LP Series 2013-A and Series 2014-A

Auto
August 13, 2014

DBRS 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

Hertz Vehicle Financing II LP
  • Date Issued:Aug 13, 2014
  • Rating Action:Confirmed
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Aug 13, 2014
  • Rating Action:Confirmed
  • Ratings:A (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

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.