TEXT-S&P raises LKQ Corp rating to 'BB'


(The following statement was released by the rating agency) -- We believe U.S.-based LKQ Corp.'s consistent profitability and free cash generation during the economic downturn reflect the company's recession-resistant business model. -- Financial results for 2009 were better than our expectations, and LKQ reduced term debt by about $40 million in 2009. -- We are raising the corporate credit rating on LKQ to 'BB' from 'BB-' as well as the ratings on the senior secured debt and shelf for ...

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