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DCR Rates $250 Million Rental Car Finance Corp.

3 May 1999

DCR Rates $250 Million Rental Car Finance Corp., Series 1999-1 Rental Car Asset Backed Notes

                      $175.0 Million Class A Notes 'AAA'
                       $20.0 Million Class B Notes 'AA'
                       $42.5 Million Class C Notes 'A'
                      $12.5 Million Class D Notes 'BBB'

    CHICAGO, April 30 -- Duff & Phelps Credit Rating Co. (DCR)
has assigned a 'AAA' (Triple-A) rating to the Class A notes, 'AA' (Double-A)
rating to the Class B notes, 'A' (Single-A) to the Class C notes, and 'BBB'
(Triple-B) to the Class D notes issued by Rental Car Finance Corp.  The notes
were privately placed by Credit Suisse First Boston and Chase Securities.
    DCR's ratings address the payment of timely interest and ultimate
principal of the notes by the final scheduled maturity date.  The transaction
structure consists of a revolving period followed by a controlled amortization
period.  During the revolving period, interest is paid to the holders of the
notes on the 25th of every month following the date of issuance.  The Class A,
B, C and D notes will pay per annum interest rates equal to 5.90 percent,
6.20 percent, 6.50 percent and 7.10 percent, respectively.  During the
controlled amortization period, principal allocations will be paid to
noteholders not to exceed the applicable controlled amortization amount.
    Rental Car Finance Corp. (RCFC) is a special-purpose, bankruptcy-remote
corporation, which is a wholly owned subsidiary of Dollar Thrifty Automotive
Group, Inc. (DTAG).  RCFC has been formed for the sole purpose of purchasing
vehicles, which will be subsequently leased under a lease agreement to DTAG's
subsidiaries, Dollar Rent A Car Systems, Inc. and Thrifty Rent-A-Car System,
Inc., for use in their respective daily domestic rental operations.  The
assets of RCFC consist of vehicles, which include automobiles, purchased by
the issuer from dealers, the lease to DTAG subsidiaries and its rights and
proceeds as lessor, interests in the repurchase programs and all funds on
deposit in the corporation.
    DCR's rating is based on a number of quantitative and qualitative factors,
including:
    sufficient credit enhancement in the form of overcollateralization
    and a letter of credit;
    fleet management procedures;
    vehicle disposition programs with Chrysler, Ford and Toyota;
    historical performance and vehicle disposition experience; and
    the legal and payment structure of the transaction.

    Credit enhancement on the notes consists of overcollateralization,
subordination and a letter of credit provided by Credit Suisse First Boston.
Required credit enhancement for the Class A notes is 40.0 percent and
32.0 percent for the Class B notes.  The required enhancement amount for both
the Class C and Class D notes will fluctuate depending on the mix of program
and non-program vehicles.  Required credit enhancement for the Class C notes
is 14.5 percent for program cars and 21.5 percent for non-program cars.
Required credit enhancement for the Class D notes is 10.0 percent for program
cars and 15.25 percent for non-program cars.  The letter of credit provides
assurance of timely repayment of certain obligations due under the notes.