Avis Budget Car Rental is piecing together the market’s second rental-car fleet transaction of the year in a $500 million transaction.

Avis Budget Rental Car Funding (AESOP) Series 2017-1 has three classes of notes, including a $401 million Class A series that received preliminary triple-A ratings from DBRS, Moody’s Investors Service and Fitch Ratings in presale reports issued Friday.

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