A close runner-up to Providian's financings, Deutsche Bank Securities managed to structure a debtor-in-possession securitization for bankrupt rental car concern ANC Rental Corp., parent company of Alamo Rent a Car and National Car Rental.

Like Providian, ANC's troubles blossomed in fall 2001 - in ANC's case, exasperated by the slowdown in travel associated with terrorist attacks in September. ANC filed for bankruptcy in November.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.