"The stable outlook reflects Rite Aid's completion of 2010 refinancing activities, thus near-term liquidity concerns are alleviated," Fitch stated Monday. "With the refinancings successfully completed, Fitch anticipates management can turn its full focus on improving core operations, and rating movements will largely depend on Rite Aid's top line and profitability," the rating agency added. In reporting fiscal 2010 second-quarter results late last month, Rite Aid noted that its liquidity is strong, with $822.3 million of availability on its credit and accounts receivable facilities as of the quarter's end on August 29. The drug chain said in July that it had obtained a commitment from GE Capital for $290 million of new money for a $1 billion asset-based revolving line of credit. That came about a month after the company announced it had wrapped up $1.9 billion in refinancing.