Avis Budget Group plans to sell a securitization backed by rental fleet vehicles.

The transaction will be issued from its Avis’ Budget Series, according to a Moody’s Investors Service press release.

Moody's has assigned provisional ratings of ‘Aaa’ to the Series 2014-1 class A fixed rate notes and ‘Baa2’ to the class B fixed rate notes. The notes have an approximate 65 months expected final maturity.  

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