S&P lifts Big Lots to stable

Standard & Poor's said it revised the outlook on Big Lots Inc. to stable from negative.

S&P also said it affirmed its BBB corporate credit rating.

The outlook revision reflects an opinion that Big Lots will perform resiliently and will maintain its moderate financial policy in the future, which should lead to credit metrics remaining close to current levels, S&P said.

The rating on Big Lots continues to reflect its satisfactory business risk profile and intermediate financial risk profile, the agency said.

S&P said it expects the company will continue to perform resiliently despite a weak economy and high unemployment rates.

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