Moody’s affirms Sonic Automotive

Moody's Investors Service said it affirmed all ratings of Sonic Automotive, Inc., including the Ba3 corporate family rating.

The outlook is stable.

"The rating affirmation reflects Sonic's continued steady operating performance and good liquidity profile," Moody's vice president Charlie O'Shea said in a news release.

"Sonic continues to make favorable progress diversifying and enhancing its business model with EchoPark and its One Sonic-One Experience initiative."

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