BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program - S&P Global Ratings’ Credit Research

BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program

BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program - S&P Global Ratings’ Credit Research
BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program
Published Jun 12, 2003
Published Jun 12, 2003
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) June 12, 2003--Standard&Poor's Ratings Services said today that AutoZone Inc.'s (BBB+/Stable/A-2) announcement that it has increased its share repurchase authorization by $500 million has no immediate impact on the ratings and outlook. Standard&Poor's had previously factored additional share repurchase activity into the ratings and outlook on the company. Because AutoZone continues to achieve positive same-store sales and to improve operating efficiencies, share repurchase activity is expected to be managed so as to not have a significant impact on credit protection measures.

  
Report Type:

Bulletin

Ticker
AZO
Issuer
AutoZone Inc.
GICS
Automotive Retail (25504050)
Sector
Automotive , Commercial MBS , Corporations , Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

Summary: AutoZone Inc. – 2003/07/08 – US$ 225.00

Summary: AutoZone Inc. – 2003/10/07 – US$ 225.00

Summary: AutoZone Inc. – 2003/12/15 – US$ 225.00

AutoZone Inc. – 2003/12/19 – US$ 500.00

Summary: AutoZone Inc. – 2003/12/19 – US$ 225.00

Research Update: AutoZone Inc. – 2003/06/03 – US$ 225.00

Summary: AutoZone Inc. – 2003/04/23 – US$ 225.00

AutoZone Inc. – 2003/01/03 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program" Jun 12, 2003. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-AutoZone-Inc-Authorizes-New-500-Million-Share-Repurchase-Program-317964>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: AutoZone Inc. Authorizes New $500 Million Share Repurchase Program Jun 12, 2003. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-AutoZone-Inc-Authorizes-New-500-Million-Share-Repurchase-Program-317964>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.