New York, January 02, 2013 -- Moody's Investors Service said that the B1 Corporate Family Rating (CFR) of Avis Budget Group, Inc. is unchanged following the company's announcement that it has reached an agreement to acquire Zipcar, Inc. for approximately $500 million, with the majority of the purchase price to be funded by incremental debt. The rating outlook remains stable. For details see www.moodys.com

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