Avis Budget Group Issues $650 Million Five-Year ABS; Retains Risk Piece Under U.S. Rule

Avis Budget Group strengthened its fleet financing platform as subsidiary ABRCF issued $650 million of five-year asset-backed securities secured by U.S. rental vehicles and related assets. The Series 2026-5 transaction includes Class A-D notes and a $35.75 million retained Class R tranche to meet U…