Moody's assigns provisional ratings to Avis Budget Series 2014-1 rental car ABS

New York, February 04, 2014 -- Moody's Investors Service has assigned provisional ratings of (P)Aaa(sf) to the Series 2014-1 Class A fixed rate Rental Car Asset Backed Notes (Class A Notes) and (P)Baa2(sf) to the Series 2014-1 Class B fixed rate Rental Car Asset Backed Notes (Class B Notes and, together with the Class A Notes, the Series 2014-1 Notes). The Series 2014-1 Notes, to be issued by Avis Budget Rental Car Funding (AESOP) LLC (the Issuer), have an approximate 65 month expected final maturity. The Issuer is an indirect subsidiary of the sponsor, Avis Budget Car Rental, LLC (ABCR). ABCR is a subsidiary of Avis Budget Group, Inc. (B1 corporate family rating/stable outlook). ABCR is the owner and operator of Avis Rent A Car System, LLC (Avis) and Budget Rent A Car System, Inc. (Budget).

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