TEXT-S&P publishes auto retailer credit quality review


(The following statement was released by the rating agency) Sept 28 - Second-quarter financial results for U.S. auto retailers were consistent with Standard & Poor's Ratings Services' view of the sector's relative stability, according to a report, titled "U.S. Auto Retailer Credit Quality Stabilizes In Still-Fragile Economic Recovery," just published on RatingsDirect. "Most of the retailers we rate recorded higher profitability, both year over year and since the first quarter, because ...

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