According to Reuters,AutoZone Inc.(NYSE:AZO) has been awarded a ‘BBB’ rating by Fitch Ratings for the issue of $500 million 3.7% notes due 2022.The company will utilize the proceeds from the offering in repaying commercial paper. AutoZone had total debt of $3.5 billion as of February 11, 2012.
The rating underscores the company’s leading position in the retail auto parts and accessories aftermarket. It also reflects the company’s strong operating performance, credit profile and aggressive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards