BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase - S&P Global Ratings’ Credit Research

BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase

BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase - S&P Global Ratings’ Credit Research
BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase
Published Mar 20, 2002
Published Mar 20, 2002
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's said today that AutoZone Inc.'s (BBB+/Negative/A-2) approval of the repurchase of up to an additional $300 million shares of common stock has no immediate impact on the company's credit rating or outlook. This increase brings AutoZone's total share repurchase authorization to $2 billion, of which $1.66 billion has been utilized. The rating assumes that AutoZone will continue to repurchase shares. However, to maintain the rating, the company will need to manage this share repurchase activity so that it can reduce debt levels to improve its leverage and cash flow coverage ratios.

  
Report Type:

News

Ticker
AZO
Issuer
AutoZone Inc.
GICS
Automotive Retail (25504050)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Summary: AutoZone Inc. – 2002/06/28 – US$ 225.00

Research Update: AutoZone Inc. – 2002/10/15 – US$ 225.00

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AutoZone Inc. – 2001/12/12 – US$ 500.00

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Summary: AutoZone Inc. – 2001/11/01 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase" Mar 20, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-AutoZone-Approves-Additional-300-Million-Share-Repurchase-236810>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: AutoZone Approves Additional $300 Million Share Repurchase Mar 20, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-AutoZone-Approves-Additional-300-Million-Share-Repurchase-236810>
  
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