As anticipated, Cendant Corp. is said to have reached a deal with Budget Group, and, if all goes as planned, will be acquiring the fallen rental car company out of bankruptcy for $107.5 million in cash, assuming $3 billion in debt.

As reported last week in ASR, Moody's Investors Service has shown concern over the relatively high exposure of medium duty trucks, placing several junior classes of Budget's Team Fleet Financing Corp. on watch for downgrade.

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