S&P affirms Capital Automotive

Standard & Poor's said it affirmed its BB+ corporate credit and BB+ senior secured ratings on Capital Automotive LLC and Capital Automotive LP.

The outlook remains stable.

According to S&P, the ratings on Capital Automotive reflect the aggressive financial profile of this private entity, offset by the stable nature of the company's good quality portfolio of auto dealership properties located in growth markets.

The ratings are also supported by the continuity of management and business strategy following the company's acquisition by Flag Fund V LLC, a limited liability company advised by DRA Advisors LLC in a go-private transaction that closed roughly one year ago, the agency said.

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