TEXT-S&P revises Asbury Automotive Group outlook to stable

Newswire

(The following statement was released by the rating agency) -- Duluth, Georgia-based auto retailer Asbury Automotive Group Inc.'s business model has demonstrated resilience during the economic downturn, and the company's profitability improved in 2009 compared with that in 2008. -- We are revising our outlook on Asbury to stable from negative and are affirming the 'B+' corporate credit rating on the company. April 30 - Standard & Poor's Ratings Services today said it has revised ...

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