ABS investors weigh options in Hertz bankruptcy

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ABS investors weigh options in Hertz bankruptcy

Hertz adobe stock 575x375
NEW YORK, USA - JULY 4, 2013: Hertz car rental office in New York. Hertz is one of largest car rental companies. It was founded in 1918 and employs 29,350 people. | Marek SLUSARCZYK/Tupungato - stock.adobe.com

ABS investors watched nervously last week as car rental company Hertz filed for bankruptcy, with few good options to keep cash flowing in the face of a crisis that has curtailed travel and depressed used car values. However, sources say that there are a number of reasons investors should be pinning their hopes on a reorganization rather than a liquidation.

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