Moody's may lift Advance Auto

Moody's Investors Service said it placed Advance Auto Parts, Inc.'s Ba1 corporate family and probability-of-default ratings and senior unsecured notes rated Ba1 (LGD4, 54%) on review for upgrade.

The company's SGL-2 speculative grade liquidity rating was affirmed.

The action recognizes the improvement in Advance's operating performance, resulting in credit metrics that reflect an investment grade profile, the agency said.

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