Hertz Global Holdings Inc.’s $2.6 billion purchase of Dollar Thrifty Automotive Group Inc. will increase total debt by as much as 28 percent and delay the junk-rated company’s long-sought ascent to investment grade.

Hertz obtained $1.95 billion in financing to support its buyout and will assume $1.6 billion in Dollar Thrifty’s obligations. Park Ridge, New Jersey-based Hertz’s credit-default swaps, which rise as confidence in a borrower’s creditworthiness diminishes, increased 6.6 basis points yesterday, according to data provider CMA, which is owned by McGraw-Hill Cos.


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