U.S. auto dealer information technology (IT) solutions provider CDK Global Inc. has made progress in executing its ongoing business transformation program as well as its continued aggressive shareholder returns program. We are affirming all ratings on CDK, including the 'BB+' corporate credit rating. At the same time, we are revising the company's business risk profile assessment to satisfactory from fair. We are also revising the company's financial risk profile assessment to significant from intermediate based on expectations for continued aggressive share repurchases. The outlook is stable reflecting CDK's leading market share in the dealer management system (DMS) market and improving profitability with aggressive shareholder returns leading to leverage metrics that will remain appropriate for the current rating over the next
