S&P lifts Vitamin Shoppe

Standard & Poor's said it raised the corporate credit rating on Vitamin Shoppe Industries Inc. to BB- from B+.

The outlook is stable.

The upgrade reflects a view that Vitamin Shoppe has enhanced its credit profile to levels consistent with the BB- rating, S&P said.

The upgrade also considers an expectation that the company will continue its positive sales and comparable-store sales growth over the next year, the agency said.

In the last year, the company used excess cash flows to reduce debt, leading to enhanced credit protection and cash flow measures, S&P said.

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