Hertz bankruptcy risk could flood used market | Auto Finance News | Auto Finance News

Hertz bankruptcy risk could flood used market

Photographer: Patrick T. Fallon/Bloomberg

All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further spurring concerns that the rental company’s potential bankruptcy and subsequent fleet liquidation would flood the already stressed used-vehicle market. Hertz missed its $498 million March payment obligation and could enter an early amortizing event if the company misses further […]

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