S&P assigns Levi Strauss loan BB

Standard & Poor's said it assigned its bank loan and recovery ratings to Levi Strauss & Co.'s $750 million asset-based revolving credit facility due 2012, noting that the facility is rated BB with a recovery rating of 1.

"The BB issue rating reflects the incorporation of recovery in the secured issue-level rating as well as the increase in the size of the facility," said S&P credit analyst Susan Ding.

© 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.