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Fitch Rates Hertz Vehicle Financing III LLC 2025-5 and 2025-6; Affirms Outstanding Notes
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Fitch Ratings has assigned final ratings to Hertz Vehicle Financing III LLC's series 2025-5 and 2025-6, affirming all outstanding notes. The ratings reflect sufficient credit enhancement, stabilizing vehicle values, and diverse vehicle fleet. The series include structural features consistent with prior issuances, with decreased Tesla concentration limits. The average depreciation rate decreased to 1.38% as of September 2025.
Source: Reuters The copyright of this article belongs to the original author/organization.
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