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Advance Auto Parts, Inc. -- Moody's affirms Advance Auto's Baa2 senior unsecured rating

"Advance continues to make significant progress in its transition plan, with all key credit metrics reflecting improvement, resulting in a profile that is well-positioned in its Baa2 rating category" stated Moody's Vice President Charlie O'Shea. Ratings could be upgraded if the ongoing transition plan drives improvements in operating performance and financial policy remains conservative such that debt/EBITDA was sustained below 2.5 times and EBITA/interest was sustained above 7 times, with liquidity remaining generally at present levels.