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Moody’s gives AutoZone notes Baa1
Moody’s Investors Service said it gave AutoZone Inc.’s planned $500 million of senior unsecured notes a Baa1 rating. All other ratings remain unchanged including the company's Baa1 senior unsecured rating.
AutoZone will use the proceeds for general corporate purposes, including the repayment of outstanding commercial paper borrowings.
The outlook is stable.
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