Fitch initiates rating of lkq corporation: ‘bbb-' with stable outlook

Chicago, may 14, 2021 (globe newswire) -- lkq corporation (nasdaq: lkq), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that fitch ratings, inc. (“fitch”) has assigned first time long-term issuer default ratings of ‘bbb-' to lkq and its subsidiary lkq european holdings b.v. (lkq europe). additionally, fitch has assigned ratings of ‘bbb-' to lkq's senior secured revolving credit facility and term loan and to the senior unsecured notes issued by lkq europe and lkq italia bondco s.p.a. fitch's rating outlook for lkq and lkq europe is stable.
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