Discount retailer Dollar Tree Inc. continues to deliver strong financial performance, including consistent store growth and margin expansion, that is ahead of our expectations. We are revising our outlook on the company to positive and affirming our 'BB+' corporate credit rating. We are also raising our issue-level ratings on Dollar Tree's senior unsecured notes due in 2020 and 2023 to 'BB+' in conjunction with the revised recovery ratings of '4.' The positive outlook reflects our view that Dollar Tree will continue to deleverage and generate strong free cash flow in the coming year through its attractive retail locations, efficient distribution network poised to support further store growth, and flexible merchandise sourcing model, which are helping it buck the negative trends
