TEXT-S&P may still cut Hertz corporate credit ratings

Newswire

(The following statement was released by the rating agency) NEW YORK, Oct 31 - Standard & Poor's Ratings Services said today it assigned its preliminary 'BBB' rating to senior unsecured debt securities and preliminary 'BBB-' rating to senior and junior subordinated debt securities filed under Hertz Corp.'s $2.45 billion SEC Rule 415 shelf registration. At the same time, the ratings on these securities were placed on CreditWatch with negative implications. Standard & Poor's existing ...

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