The Hertz Corp. is preparing two as-yet unsized offerings of bonds backed by rental car fleet financing, according to rating agency reports.

Hertz Vehicle Financing II LP, Series 2016-1 will issue four classes of notes maturing in March 2019 and the Series 2016-2 will issue four classes of notes maturing in March 2021. The senior tranche issued by each trust is rated triple-A by both Fitch Ratings and DBRS.

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