TEXT-S&P affirms Hertz corporate credit rating


(The following statement was released by the rating agency) NEW YORK, Oct 3 2- Standard & Poor's Ratings Services said today it affirmed its long-term ratings, including the triple-'B' corporate credit rating, on car rental company Hertz Corp. and removed them from CreditWatch, where they were placed Oct. 16, 2002. The 'A-2' commercial paper rating on the company, which was not on CreditWatch, is affirmed. The outlook is negative. Hertz is an indirect wholly owned subsidiary of Ford ...

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