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S&P revises VEREIT outlook to positive

S&P Global Ratings revised its outlook on to positive from , while affirming its BB corporatecredit rating on the company.

The rating agency said the outlook revision follows the company'ssuccessful execution of some of the key business plans outlined in .

Furthermore, the revision is based on expectations for furtherstrengthening in the business, an improving credit profile following the applicationof asset sale proceeds to debt repayment, successful remediation of material weaknessesand reconstituted board and senior management team.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.