Group 1 Automotive (GPI) Tops Q2 EPS by 17c

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Go back to Group 1 Automotive (GPI) Tops Q2 EPS by 17c

Moody's Upgrades Group 1 Automotive (GPI) to 'Ba1'; Outlook Stable

July 23, 2015 3:45 PM EDT

Moody's Investors Service today upgraded all ratings of Group 1 Automotive, Inc. ("Group 1"), including the Corporate Family rating, which was upgraded to Ba1 from Ba2. A stable outlook was assigned. This concludes the review for upgrade that was initiated on June 16, 2015.

Issuer: Group 1 Automotive, Inc

Ratings Upgraded

Corporate Family Rating to Ba1 from Ba2

Probability of Default Rating to Ba1-PD from Ba2-PD

$550 million senior unsecured notes to Ba2, LGD 6 From Rating Under Review B1, LGD 6

Outlook, Changed To Stable From Rating Under Review

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