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S&P rates LKQ Dutch Bond notes BBB-
S&P said it assigned a BBB- issue-level rating to LKQ Dutch Bond BV's planned euro-denominated senior unsecured notes due 2031. LKQ Dutch Bond is a subsidiary of LKQ Corp., which will guarantee the notes.
The rating is in line with those on LKQ’s outstanding senior unsecured loans and notes.
LKQ will use the proceeds to pay down its debt, including to refinance its €500 million notes due in April.
The outlook is stable.
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