S&P ups Levi Strauss

Standard & Poor's said it raised its ratings on Levi Strauss & Co. by one notch, including its long-term corporate credit rating to B+ from B.

The outlook is stable.

S&P noted that the upgrade incorporates the company's continued improved operating performance and enhanced liquidity profile, its increased financial flexibility from the extension of debt maturities and its expectation that these positive operating trends will continue.

The agency added that the ratings on Levi Strauss reflect its leveraged financial profile and participation in the intensely competitive denim and casual pants market.

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