U.S.-based auto part supplier LKQ Corp.'s credit measures are appropriate for the rating, despite the debt-financed acquisition of a U.K. aftermarket company in late 2011. We are reassessing the financial risk profile to "intermediate" from "significant" to reflect the company's "strong" liquidity and potential for lower leverage by year-end 2012. We are affirming the 'BB+' corporate credit rating because we expect acquisition-driven expansion to continue. The outlook is stable, reflecting our belief that positive trends for earnings, cash flow, and credit measures are sustainable. NEW YORK (Standard&Poor's) June 15, 2012--Standard&Poor's Ratings Services said today that it affirmed its 'BB+' corporate credit rating on LKQ Corp. The outlook is stable. "We revised our assessment of the company's
