S&P: Yum! view to positive

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

The agency also said it affirmed the company's BBB- corporate credit rating.

The outlook revision reflects Yum!'s improved operating and financial performance over the past several quarters and an expectation that the trend will continue over the next year, S&P said.

The company's diverse operations and its highly franchised business model mitigate difficulties from the macro environment and volatile commodity costs, the agency said.

The operational improvement is boosting credit protection measures, S&P added.

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