Several Budget Group rental car securitizations will likely enter into early amortization as a result of the company's Chapter 11 bankruptcy filing early last week.

According to a rating agency source, at least three deals are still outstanding: Budget's Team Fleet Financing Corp. 1999-4, TFFC 2001-2, and TFFC 2001-3. All three deals are senior/subordinate structures. Budget's commercial paper conduit was wound down in July.

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