Hertz Corp. is marketing two as-yet unsized offerings of notes backed by its auto rental fleet, according to rating agency reports.

Hertz Vehicle Financing II LP, Series 2016-3 will issue four tranches of notes with an expected maturity of July 2019 and the Series 2016-4 will issue four tranches with a final maturity of 20201; the senior tranche of each deal benefits from 47% credit enhancement and has a preliminary doublt--A ratings from Fitch Ratings and Moody's Investors Service.

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