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S&P lifts Rent-A-Center
Standard & Poor's said it raised the corporate credit rating on Rent-A-Center Inc. to BB+ from BB, along with the company's $300 million 6 5/8% senior notes to BB from BB-.
The recovery rating remains 5, indicating 10% to 30% expected recovery in a default.
The outlook is stable.
The upgrade reflects an expectation that the company has both the willingness and ability to maintain credit ratios indicative of an intermediate financial risk profile, S&P said.
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