London, 03 May 2016 -- Moody's Investors Service, ("Moody's") has today upgraded Car Rentals Parentco, S.L.U.'s ('Goldcar' or the 'company') corporate family rating (CFR) to B1 from B2 and probability of default rating (PDR) to B2-PD from B3-PD. At the same time Moody's has upgraded the instrument rating to B1 from B2 for the EUR275 million Term Loan B, the EUR50 million Term Loan A, and the senior secured Revolving Credit Facility (RCF) issued by Car Rentals Subsidiary, S.L.U. The outlook on all ratings is stable.

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