TEXT-Moody's revises AutoNation's outlook to stable

Newswire

(The following statement was released by the rating agency) MOODY'S CONFIRMS AUTONATION'S DEBT, CHANGES OUTLOOK TO STABLE Approximately $950 Million of Debt Affected NEW YORK, Nov 19 - Moody's Investors Service confirmed the debt ratings of AutoNation, Inc. , and changed the rating outlook to stable from negative. The change in outlook reflects a strengthening of AutoNation's financial position due to operating factors, despite significant cash outflows since October 2002. Moody's ...

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