S&P: Bed Bath view positive

Standard & Poor's said it revised the outlook on Bed Bath & Beyond Inc. to positive from stable and affirmed its BBB corporate credit rating.

For the third quarter ended Nov. 27, sales rose about 11.1% from the prior-year period and same-stores sales were up 7%, compared with an increase of 7.3% in the prior-year period. The net sales increase has also facilitated better leveraging of administrative costs, according to the agency.

The company has no funded debt and has uncommitted lines of credit that it historically has not drawn upon, S&P noted. All debt and interest expenses are computed from capitalizing operating lease commitments.

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