HomeMarket NewsAdvance Auto Parts slides after S&P downgrades debt to junk status

Advance Auto Parts slides after S&P downgrades debt to junk status

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S&P World Rankings dropped its issuer-credit ranking on Advance Auto Elements (NYSE:AAP) to BB+ from BBB-. The rankings company has a Secure outlook on the auto retailer, reflecting its expectation that gross sales and profitability will step by step enhance as Advance Auto Elements (AAP

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