STORE Capital LLC has improved its credit metrics in line with its pre-privatization financial policies while exhibiting solid operating performance supported by accretive acquisition growth. We revised our outlook on STORE Capital LLC to positive from stable. We affirmed our 'BBB-' issuer credit rating on STORE and 'BBB-' issue-level rating on its senior unsecured notes. The positive outlook reflects our expectation for debt leverage to remain in the mid-to-high-5x area over the next 12-24 months with growth funded in a leverage-neutral manner. Operating performance should remain healthy despite facing some pressure amid an uncertain macroeconomic environment. For the trailing-12-month period ending Dec. 31, S&P Global Ratings-adjusted debt to EBITDA somewhat improved to 5.7x compared to the prior-year period of 5.8x,
