Avis Budget Group plans to sell  rental car fleet securitization from its Avis Budget Series, according to a Moody’s Investors Service press release.

Moody’s has assigned provisional ratings to the senior/subordinate structure of 2013-2. The class A notes are rated ‘Aaa’ and the class B notes are rated ‘Baa2’. The notes have an approximate 65 month expected final maturity.   

Avis was last in the market in February with a $400 million rental car securitization.

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