View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports

Moody's Ratings affirms ratings of Hertz; outlook remains negative

Moody's Ratings (Moody's) affirmed the ratings of The Hertz Corporation (Hertz), including the B2 corporate family rating and the B2-PD probability of default rating. We also affirmed the Ba3 rating on the senior secured revolving credit facility, the senior secured term loan B and the senior secure...

Moody's Ratings says Hertz' add-on offering of first lien senior secur...

Moody's Ratings (Moody's) said the add-on offering by The Hertz Corporation (Hertz) of 12.625% first lien senior secured notes due 2029 with an aggregate principal amount of $500 million does not affect the ratings, including the B2 corporate family rating and the Ba3 rating of the existing 12.625% ...

Hertz Corporation (The): Covenant Quality Post-Sale Snapshot: $750m 12...

The Hertz Corporation's covenant package provides lower-tier moderate protection, reflecting a CQ score of 3.39.

Hertz Corporation (The): Update to credit analysis following change in...

Our credit view of this issuer reflects the earnings pressure stemming from high depreciation and interest expense, and weak demand for its fleet of electric vehicles.

Moody's Ratings affirms ratings of Hertz, assigns Ba3 to new first-lie...

Moody's Ratings (Moody's) affirmed the ratings of The Hertz Corporation (Hertz), including the B2 corporate family rating, the B2-PD probability of default rating, the Ba3 ratings on the senior secured revolving credit facility, the senior secured term loan B and the senior secured term loan C, and ...

Moody's Ratings affirms ratings of Hertz; changes outlook to negative

Moody's Ratings (Moody's) affirmed the ratings of The Hertz Corporation (Hertz), including the B2 corporate family rating, the B2-PD probability of default rating, the Ba3 ratings on the senior secured revolving credit facility, the senior secured term loan B and the senior secured term loan C, and ...

Hertz Corporation (The): Shrinking exposure to electric vehicles is cr...

Hertz is rightsizing its BEV fleet, a credit positive for the company and its ABS. The move will support revenue rates, and reduce OEM, residual value and lessee default risks.

Hertz Corporation (The): Update to credit analysis

Our credit view of the issuer reflects its solid position in the US car rental sector, lingering rate pressure, the impact of rising interest expense on margin and high leverage.

Moody's assigns Ba3 rating to Hertz' incremental term loan B

Moody's Investors Service (Moody's) assigned a Ba3 rating to the new $400 million incremental  senior secured term loan B of The Hertz Corporation (Hertz). Hertz' existing ratings remain unchanged, including the B2 corporate family rating, the B2-PD probability of default rating, the Ba3 rating of t...

Hertz Corporation (The): Update to credit analysis

Our credit view of the issuer reflects its solid position in the US car rental sector, the rebalancing of industry demand and supply, attractive margin, and increasing leverage.

Hertz Corporation (The): Covenant Quality Post-Sale Snapshot: $500m 4....

The covenant package of The Hertz Corporation provides weakest-level protection, as reflected by a CQ score of 5.00.

Hertz Corporation (The): Update to credit analysis following upgrade o...

Our credit view of this issuer reflects its stronger than expected emergence from bankruptcy, currently very robust financial performance, considerable funding needs and adequate liquidity.

Moody's upgrades ratings of Hertz, assigns Caa1 to new senior unsecure...

Rating Action: Moody's upgrades ratings of Hertz, assigns Caa1 to new senior unsecured notes; outlook remains stable. Global Credit Research- 17 Nov 2021. NOTE: On November 19, 2021, the press release was corrected as follows: In the first sentence of the paragraph of the press releases, the description of the rating action being taken on the probability of default rating was changed to to B2-PD from B3-PD.

Moody's upgrades ratings of Hertz, assigns Caa1 to new senior unsecure...

Rating Action: Moody's upgrades ratings of Hertz, assigns Caa1 to new senior unsecured notes; outlook remains stable. Global Credit Research- 17 Nov 2021. New York, November 17, 2021-- Moody's Investors Service upgraded the ratings of The Hertz Corporation, including the corporate family rating to B2 from B3, the probability of default rating to B2-PDR from B3-PDR, and the senior secured rating to Ba3 from B2.

Moody's announces completion of a periodic review of ratings of Hertz ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hertz Corporation. Global Credit Research- 22 Sep 2021. New York, September 22, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Hertz Corporation and other ratings that are associated with the same analytical unit.

Moody's assigned B3 Corporate Family and B2 first lien ratings to Hert...

Rating Action: Moody's assigned B3 Corporate Family and B2 first lien ratings to Hertz; outlook is stable. Global Credit Research- 07 Jun 2021. New York, June 07, 2021-- Moody's Investors Service, assigned The Hertz Corporation the following ratings: Corporate Family Rating-- B3; $1.3 billion senior secured term loan B-- B2; $245 million senior secured term loan C-- B2; $1.26 billion senior secured revolving credit facility-- B2; and, Speculative Grade Liquidity rating-- SGL-3.

Hertz Corporation (The): Update to credit analysis

Our credit view of Hertz as it faces liquidity shortfall in the near-term

Moody's announces completion of a periodic review of ratings of Hertz ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hertz Corporation. Global Credit Research- 17 Dec 2019. New York, December 17, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Hertz Corporation and other ratings that are associated with the same analytical unit.

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch