New York, October 01, 2013 -- Moody's has upgraded two rental car asset backed subordinate notes from Avis Budget Car Rental, LLC (Avis Budget), and one from Dollar Thrifty Automotive Group (DTAG). In addition to the upgrades, Moody's has also affirmed select rental car asset backed notes from those two sponsors, as well as from The Hertz Corporation (Hertz) and Avis Budget's indirect Canadian subsidiary WTH Car Rental ULC (WTH). Today's rating actions are motivated primarily by the stronger credit profile of General Motors Company (GM), specifically by the recent upgrade of its Long Term Corporate Family Rating to Baa3 from Ba1 on September 23, 2013.

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