CHICAGO (Standard&Poor's) Nov. 8, 2010--Standard&Poor's Ratings Services said today that it assigned its 'BBB' senior unsecured debt rating to Memphis, Tenn.-based AutoZone Inc.'s proposed $500 million senior unsecured notes due Nov. 15, 2020. We expect the proposed notes to be issued under the company's Rule 415 shelf registration statement filed July 29, 2008. All of the company's existing ratings, including the 'BBB' corporate credit rating, remain unchanged. Total debt outstanding at Aug. 28, 2010 was approximately $3.0 billion. Our rating outlook on the company is stable. We expect the net proceeds from the offering to be used for general corporate purposes, and to repay AutoZone's 4.75% $200 million notes due Nov. 15, 2010. Following repayment, we
