NEW YORK (Standard&Poor's) Oct. 23, 2008--Standard&Poor's Ratings Services today revised its outlook on Capital Automotive LLC and Capital Automotive L.P. (collectively, CARS) to negative from stable. At the same time, we affirmed our 'BB+' corporate credit and senior secured debt ratings and '3' recovery rating on CARS' $2.1 billion secured credit facility. "The outlook revision reflects our expectation for a protracted economic downturn and a tight credit market that will continue to weigh on demand for cars and trucks," said Standard&Poor's credit analyst George Skoufis. "Auto sales have been on a steady decline, and we expect difficulties with obtaining financing along with consumer concerns about the weak economy to continue to pressure tenant operating
