DBRS Finalizes Provisional Ratings on Hertz Fleet Lease Funding LP, Series 2015-1 and Confirms Series 2014-1 and Series 2013-3

DBRS, Inc. (DBRS) has today finalized its provisional ratings on the following classes issued by Hertz Fleet Lease Funding LP, Series 2015-1:

-- Series 2015-1 Notes, Class A at AAA (sf)
-- Series 2015-1 Notes, Class B at AA (high) (sf)
-- Series 2015-1 Notes, Class C at A (high) (sf)
-- Series 2015-1 Notes, Class D at BBB (high) (sf)
-- Series 2015-1 Notes, Class E at BBB (sf)

DBRS has also confirmed its ratings on the following classes issued by Hertz Fleet Lease Funding LP, Series 2014-1 and Series 2013-3:

-- Series 2014-1 Notes, Class A at AAA (sf)
-- Series 2014-1 Notes, Class B at AA (high) (sf)
-- Series 2014-1 Notes, Class C at A (high) (sf)
-- Series 2014-1 Notes, Class D at BBB (high) (sf)
-- Series 2014-1 Notes, Class E at BBB (sf)

-- Series 2013-3 Notes, Class A rated AAA (sf)
-- Series 2013-3 Notes, Class B rated AA (sf)
-- Series 2013-3 Notes, Class C rated A (sf)
-- Series 2013-3 Notes, Class D rated BBB (sf)

Notes:
The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

The applicable methodology is Rating U.S. Auto Fleet Lease Securitizations, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.