Press Release

DBRS Morningstar Publishes Updated Methodology for Rating U.S. Rental Car Securitizations

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October 16, 2019

DBRS Morningstar Credit Ratings (DBRS Morningstar) published an updated version of its “Rating U.S. Rental Car Securitizations” methodology.

DBRS Morningstar has conducted a periodic review of its “Rating U.S. Rental Car Securitizations” methodology.

No material changes to the methodology were made. Accordingly, no ratings are expected to change as a result of this update.

This update supersedes the previous version published in October 2018 and is effective as of
October 16, 2019.

Notes:
DBRS Morningstar methodologies are publicly available on its website www.dbrs.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit www.dbrs.com or contact us at [email protected].