Moody's: No ratings impact on Hertz-sponsored rental car ABS due to amendments

New York, June 30, 2016 -- Moody's Investors Service announced today that the amendments to the Third Amended and Restated Master Exchange Agreement and Third Amended and Restated Escrow Agreement, executed June 30, 2016, would not, in and of themselves and as of this time, result in the downgrade, the placement on review for possible downgrade or withdrawal of the ratings currently assigned to any outstanding notes issued by Hertz Vehicle Financing (HVF) or Hertz Vehicle Financing II (HVF II, and collectively with HVF, the issuers; unrated), wholly-owned subsidiaries of The Hertz Corporation (Hertz; B1 positive).

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