AutoNation Inc. 'BBB-' Rating Affirmed; Outlook Stable; Commercial Paper Program Assigned 'A-3' Short-Term Rating

We are affirming our 'BBB-' corporate credit rating on AutoNation Inc. At the same time, we are assigning our 'A-3' short-term rating to the company's commercial paper program. The stable outlook reflects our view that AutoNation's resilient business model and moderate financial policies, combined with stable growth in the U.S. retail auto markets, will allow the company to sustain its credit measures over the next two years. NEW YORK (Standard&Poor's) May 26, 2015--Standard&Poor's Ratings Services today said that it has affirmed its 'BBB-' corporate credit rating on Fort Lauderdale, Fla.-based auto retailer AutoNation Inc. The outlook remains stable. At the same time, we assigned our 'A-3' short-term rating to the company's $300 million commercial paper program.

...+ We are affirming our '###-' corporate credit rating on AutoNation Inc. + At the same time, we are assigning our 'A-3' short-term rating to the company's commercial paper program. + The stable outlook reflects our view that AutoNation's resilient business model and moderate financial policies, combined with stable growth in the U.S. retail auto markets, will allow the company to sustain its credit measures over the next two years. NEW YORK (Standard & Poor's) May 26, 2015--Standard & Poor's Ratings Services today said that it has affirmed its '###-' corporate credit rating on Fort Lauderdale, Fla.-based auto retailer AutoNation Inc. The outlook remains stable. At the same time, we assigned our 'A-3' short-term rating to the company's $300 million commercial paper program. "Our '###-' corporate credit rating on AutoNation and our "adequate" assessment of the company's liquidity led us to assign an 'A-3' short-term rating to its commercial paper program, according to our criteria, said Standard...

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