STORE Capital (STOR) Upgraded to BBB at S&P

STORE Capital Corporation (NYSE: STOR) announced that S&P Global Ratings has upgraded its corporate credit rating (CCR) to BBB with a Stable Outlook. S&P’s initial CCR for STORE Capital, assigned in August 2016, was BBB- with a Positive Outlook.

Christopher H. Volk, President and Chief Executive Officer of STORE Capital stated, “This rating upgrade by S&P reflects our conservative capital structure and improved leverage metrics as well as our overall financial strength. S&P cited STORE’s equity-financed growth, improved leverage and an asset portfolio with good quality and performance as key drivers of the rating upgrade.”

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