S&P: Spirit Realty view to positive

Standard & Poor's said it affirmed its BB- corporate credit rating on Spirit Realty Capital Inc. and revised the outlook to positive from stable.

"The positive outlook reflects our view that Spirit has executed its Cole Credit Property Trust (CCPT) II merger rather seamlessly thus far and it is gradually closing the credit gap, though not completely, versus some of its higher rated retail-focused triple-net REIT peers such as National Retail Properties, Realty Income Corp., and American Realty Capital Properties Inc.," S&P credit analyst James Sung said in a news release.

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