TEXT-S&P report says U.S. auto retailers rtgs are more stable

Newswire

(The following statement was released by the rating agency) June 23 - Standard & Poor's Ratings Services believes financial prospects for the rated U.S. auto retailers are more favorable now than they were a year ago. According to a report, titled, U.S. Auto Retailers' Ratings Have Stabilized As Companies Position Themselves For Further Consolidation, published today on RatingsDirect, the companies' ability and willingness to implement cost-saving initiatives and constrain variable ...

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