S&P lifts Dillard's view to positive

Standard & Poor's said it revised the outlook on Dillard's Inc. to positive from stable.

The agency also said it affirmed the company's BB+ corporate credit rating.

The outlook revision reflects performance over the past year that was generally in line with expectations and a view that the company will demonstrate further gains over the next 12 to 18 months, said David Kuntz, an S&P analyst.

The company continues to benefit from effective merchandising, good execution and expense controls, Kuntz said in a press release.

The improved performance will translate to stronger operating measures, which will further reduce the gap between it and its investment-grade rated peers, Kuntz added.

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