Moody's: Levi Strauss outlook positive

Moody's Investors Service said it affirmed Levi Strauss & Co.'s corporate family and probability-of-default ratings at B1 and senior unsecured notes at B2 (LGD4, 62%).

The outlook was revised to positive from stable.

"The change in the rating outlook to positive reflects [the company's] continued progress in achieving revenue and margin stability for the company as a whole and continued improvement in its balance sheet with approximately $200m of funded debt repaid in the past 18 months," Scott Tuhy, vice president and senior analyst, said in a written statement.

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