S&P lifts Acuity to positive

Standard & Poor's said it affirmed the BBB- corporate credit rating on Acuity Brands Inc. and revised the outlook to positive from stable.

The outlook revision reflects good credit measures and positive operating prospects that could support a higher rating if sustained, S&P said.

The company's business profile as is considered satisfactory and its financial profile is intermediate, the agency said.

Acuity's operating performance will remain tied to demand in U.S. new commercial construction and renovation markets, S&P said.

The company's credit metrics are somewhat stronger than expectations, the agency said.

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