...+ FirstCash Inc. reported elevated leverage for fiscal-year 2018 due to higher-than-expected acquisition spending and share repurchases. + We are revising our outlook on FirstCash to stable from positive. + We are affirming our '##' issuer credit and unsecured debt ratings. + The stable outlook reflects our expectation that the company's leverage will not increase meaningfully from current levels. NEW YORK (S&P Global Ratings) Feb. 6, 2019--, S&P Global Ratings said today it revised its outlook on FirstCash Inc. to stable from positive. We also affirmed our '##' issuer credit rating and unsecured debt ratings. The recovery rating on the debt remains '3', reflecting our expectation of meaningful recovery (50%-70%, rounded estimate: 55%) in a simulated default scenario. In our view, FirstCash is a leading pawn operator with a track-record of relatively stable leverage and earnings. In 2018, however, the company spent $275 million on share repurchases, $41 million on dividends, and $125 million...
