S&P rates Kellwood convertibles

Standard & Poor's assigned its BBB- unsecured debt rating to Kellwood Co.'s proposed $180 million offering of convertible senior debentures due 2034 and affirmed its existing ratings on Kellwood Co., including its BBB- corporate credit rating.

The outlook is stable.

S&P said the ratings on Kellwood Co. reflect its position as a leading supplier of branded and private-label apparel and its diverse distribution channels and moderate financial policy.

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