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Moody's affirms O'Reilly's
Moody's said it affirmed all ratings of O'Reilly Automotive Inc., including the Baa1 senior unsecured rating.
The outlook is stable.
“This affirmation recognizes O'Reilly's exceptional operating performance, which results in a strong quantitative profile, as well as Moody's view that auto parts remains a very compelling sub-segment of retail, with meaningful advantages emanating from its brick-and-mortar stores and ‘within hours’ delivery capability,” stated Moody's vice president Charlie O'Shea in a news release.
“Financial policy continues to be very well balanced, with share repurchase levels and cadence well within our bands of tolerance for the rating.”
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