Oct 1 - Standard & Poor's Ratings Services said today that it has assignedits 'B' issue-level rating to HDTFS Inc.'s (related to Hertz Corp.) $600 millionsenior notes due 2020 and $600 million senior notes due 2022, and then placedboth ratings on CreditWatch with negative implications. The recovery rating onboth issues is '5', indicating our expectation that lenders would receive modest(10%-30%) recovery of principal in the event of a payment default. HDTFS isissuing the notes, which will remain in escrow, in conjunction with Hertz'sproposed acquisition of Dollar Thrifty Automotive Group Inc. (DTAG). After the consummation of Hertz's tender offer for DTAG's shares, the notes willbe released from escrow and Hertz will become issuer of the notes. Hertz Corp.is the major operating subsidiary of Hertz Global Holdings Inc. (B+/Watch Neg/--).