Fitch Ratings released its global rating methodology for rental fleet ABS. Its criteria addresses and mitigates key risks present in rental fleet ABS deals, which include counterparty risks such as the bankruptcy of the rental fleet firm and of any major manufacturer supplying vehicles to a securitized vehicle fleet.

Aside from counterparty and legal risks, there is also the factor of the vehicle liquidation process and related risks in a bankruptcy as wells as the subsequent liquidation scenario.

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