Car Rentals Parentco, S.L.U. -- Moody's assigns B2 CFR to Car Rentals Parentco, S.L.U. (Goldcar); stable outlook

London, 10 December 2014 -- Moody's Investors Service, ("Moody's") has today assigned a B2 corporate family rating (CFR) and B3-PD probability of default rating to Car Rentals Parentco, S.L.U. (a holding company of Goldcar Rental Group, or the company). Concurrently, we have assigned a (P)B2 rating to a EUR125 million revolving credit facility (RCF) and a EUR50 million Term Loan A facility, both with 5 year maturity, and to a EUR275 million Term Loan B facility due after 5.5 years. The outlook on all ratings is stable. All facilities will be issued by Car Rentals Subsidiary, S.L.U., a wholly owned direct subsidiary of Car Rentals Parentco, S.L.U., in support of the acquisition of Goldcar by funds controlled by Investindustrial.

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