-- The retail auto parts industry is benefitting from strong demand as consumers defer new vehicle purchases in favor of maintaining existing vehicles. -- We expect AutoZone's generally strong and stable cash flows to be used for continued investment in business and share repurchase activity. -- Standard&Poor's assigned its 'BBB' issue rating to AutoZone's new $500 million 5.75% senior notes due January 2015. -- The stable outlook reflects satisfactory business risk, particularly the company's good market position and operating efficiency; positive industry conditions, which should continue for at least the near term; and stability of cash flows. CHICAGO (Standard&Poor's) June 30, 2009--Standard&Poor's Ratings Services said today it assigned its 'BBB' issue rating to Memphis,
