LKQ Corp. plans to recapitalize its balance sheet and make a significant acquisition. We are affirming our 'BB+' corporate credit rating on LKQ. We are assigning our senior secured 'BB+' issue rating and '3' recovery rating to the proposed $1.25 billion revolving credit facility and $450 million term loan A. We are also assigning our 'BB-' debt issue rating and '6' recovery rating to LKQ's proposed $500 million senior unsecured notes. The stable outlook reflects our opinion that LKQ's resilient business model will support continuing organic EBITDA expansion and free cash generation, despite weak U.S. and European economies. NEW YORK (Standard&Poor's) April 29, 2013--Standard&Poor's Ratings Services said today it affirmed its 'BB+' corporate credit rating on
