TEXT-S&P comments on AutoZone Inc

Newswire

(The following statement was released by the ratings agency) NEW YORK, Jan 30 - Standard & Poor's Ratings Services said today that AutoZone Inc.'s (BBB+/Positive/A-2) announcement that it has increased its share repurchase authorization by $500 million has no immediate impact on the rating and outlook. Standard & Poor's had previously factored additional share repurchase activity into its rating and outlook on the company. As AutoZone continues to achieve positive same-store sales ...

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