Fitch Rates Rental Car Finance Corp.'s Asset-Backed Notes

NEW YORK--April 21, 2005--Fitch rates Rental Car Finance Corp. rental car asset-backed notes, series 2005-1, as follows:

-- $290,000,000 floating rate class A-1 notes;

-- $110,000,000 4.59% class A-2 notes.

The class A notes were issued with a revolving period and a six-month controlled amortization period. This transaction represents the eight rental car term securitizations offered by Rental Car Finance Corp. (RCFC), a wholly owned subsidiary of Dollar Thrifty Automotive Corporation (DTAG).

The ratings are based on the terms of the financial guaranty insurance policy of XL Financial Assurance Inc., whose insurer financial strength is rated 'AAA' by Fitch; the transaction's credit enhancement and sound legal and structural characteristics; the operational capabilities and the historical fleet disposition performance of DTAG; and the terms and conditions of interest rate hedging agreements.