S&P revises Regency Centers to positive

S&P said it affirmed its BBB+ issuer credit rating on Regency Centers Corp. and its operating partnership, Regency Centers LP.

The outlook was revised to positive from stable.

At the same time, the agency affirmed the BBB+ issue-level rating on the company's senior unsecured notes.

“The positive outlook revision reflects our favorable view of the company's continued strong operating performance despite the myriad headwinds facing retailers, and our view that targeted asset dispositions will improve leverage modestly over the next few quarters,” S&P said in a news release.

“The outlook revision also incorporates our view that management is committed to sustaining this low leverage over the next several years.”

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