NEW YORK (Standard&Poor's) March 19, 2013--Standard&Poor's Ratings Services said today that it has assigned its 'B' rating to Avis Budget Group Inc.'s $450 million senior notes due 2023. The notes are being issued by Avis Budget Car Rental LLC and Avis Budget Finance Inc., both indirect subsidiaries of Parsippany, N.J.–based car and truck renter Avis Budget Group Inc., which guarantees the notes. The recovery rating is '5', indicating our expectation that lenders would receive modest (10%-30%) recovery in a payment default scenario. The company will use proceeds to repurchase outstanding 2018 and 2020 notes and for general corporate purposes. Our ratings on Avis Budget (parent of the Avis and Budget car rental brands and the Budget
