NEW YORK (Standard&Poor's) Sept. 30, 2008--Standard&Poor's Ratings Services today said it has assigned issuer and recovery ratings to LKQ Corp.'s $15 million senior secured dual-currency revolving credit facility due 2013. The facility is rated 'BB+', two notches above the 'BB-' corporate credit rating on LKQ, with a '1' recovery rating, indicating expectations of very high (90% to 100%) recovery in the event of a payment default. This facility was previously identified as a sub-limit of the company's $100 million senior secured revolving credit agreement, when it is in fact a separate facility, available to either LKQ Corp. or LKQ Delaware LLC, the holding company for the company's Canadian investments. At the same time, we affirmed the
