Moody’s affirms Levi Strauss

Moody's Investors Service said it affirmed Levi Strauss & Co.'s ratings, including its Ba1 corporate family rating, Ba1-PD probability of default rating, and Ba2 senior unsecured notes rating.

The company's SGL-1 speculative grade liquidity rating is unchanged.

The outlook remains stable.

“LS&Co continues to execute on its strategic initiatives in a very challenging global apparel environment, making progress toward becoming a broader lifestyle brand, with broad based growth across geographies, channels and product categories,” Mike Zuccaro, Moody's vice president, said in a news release.

“When combined with solid credit metrics and a very good liquidity position, the company is strongly positioned in the Ba1 rating category.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.