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28.08.2014 22:47:00

Capital Automotive LLC -- Moody's affirms Capital Automotive's ratings following the announcement about the likely change in ownership

New York, August 28, 2014 -- Moody's Investors Service affirmed Capital Automotive LLC's ('Capital Auto') Ba3 corporate family rating following the announcement that the ownership of the company will likely transfer from investors advised by DRA Advisors LLC, to Brookfield Property Partners and its institutional partners. Moody's also affirmed the Ba2 senior secured credit facility and the B1 second lien term loan ratings of Capital Automotive L.P. ('Operating company'), the operating partnership that is 86.7% owned by Capital Automotive LLC.

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