S&P: Rent-A-Center view positive

Standard & Poor's said it revised the outlook on Rent-A-Center Inc. to positive from negative and affirmed its BB corporate credit and BB+ senior debt ratings.

"The outlook revision to positive reflects Rent-A-Center's improved credit measures, primarily resulting from strong operating cash flow and management's more conservative financial policy, as demonstrated by significant debt repayment, reduced share buybacks, expectations for moderate store expansion and controlled financial services rollout," S&P analyst Jerry Phelan said in a statement.

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