S&P revises G-III Apparel view to stable

S&P said it revised its outlook to stable from negative and affirmed all its ratings on G-III Apparel Group Ltd., including the BB issuer credit rating.

“The stable outlook reflects our expectation that despite a continuing weak retail environment and uncertainty about consumers' mobility and willingness to spend, G-III's adjusted leverage will remain below 2x this year, well below our 3x downgrade trigger, absent major shareholder returns or debt-funded acquisitions,” S&P said in a news release.

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