Bonds backed by Hertz Global Holdings Inc.’s fleet of rental cars had the same credit rating as the U.S. government just a few weeks ago. Now the company’s financial woes are stoking fears that investors are headed for a loss. The rental-car company missed debt-related payments last month and a deadline on negotiations with lenders and bondholders is set to expire Friday. The two sides are still far from a deal, people familiar with the matter said, increasing the likelihood that the company will file for bankruptcy court...

Source: Wall Street Journal May 20, 2020 16:36 UTC