Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook - S&P Global Ratings’ Credit Research

Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook

Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook - S&P Global Ratings’ Credit Research
Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook
Published Dec 13, 2012
Published Dec 13, 2012
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Abstract:

New York (Standard&Poor's) Dec. 13, 2012--Standard&Poor's Ratings Services said today that it does not expect Memphis-based AutoZone Inc.'s (BBB/Stable/--) recent signing of a definitive agreement to purchase AutoAnything, an online auto parts retailer, to have an effect on our ratings or outlook. We expect AutoZone could increase leverage to fund the purchase, and credit ratios may be slightly weaker than we previously forecast during the first half of 2013. However, given the company's steady profit growth and strong cash flow generation, we believe these slight differences would be short lived. We do not expect the transaction to have a material impact on the company's profitability in the near term, but the acquisition gives AutoZone a larger

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Automotive Retail (25504050)
Sector
Global Issuers , Structured Finance
Country
Region
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook" Dec 13, 2012. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AutoZone-Inc-Pact-To-Acquire-AutoAnything-Does-Not-Affect-Ratings-Or-Outlook-1049041>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: AutoZone Inc. Pact To Acquire AutoAnything Does Not Affect Ratings Or Outlook Dec 13, 2012. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AutoZone-Inc-Pact-To-Acquire-AutoAnything-Does-Not-Affect-Ratings-Or-Outlook-1049041>
  
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