Moody’s upgrades O’Reilly to Baa1

Moody's Investors Service said it upgraded the senior unsecured rating of O'Reilly Automotive, Inc. to Baa1 from Baa2.

The outlook is stable.

"The upgrade recognizes O'Reilly's continuing improvements in operating performance, as well as our view that the company will manage its financial policy consistent with our expectations for the new rating's quantitative credit profile," Moody's vice president Charlie O'Shea said in a news release.

"O'Reilly continues to benefit from a fundamentally-favorable macroeconomic environment for its products, and combining this with high-quality execution and a conservative financial policy, results in a segment-leading quantitative credit profile."

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