S&P: Levi Strauss unaffected

Standard & Poor's said the ratings and outlook on Levi Strauss & Co. (CCC/developing/--) would not immediately be affected by the announcement that the company is exploring the sale of its Docker casual clothing business.

S&P said that while such a sale would be a positive in that it would help reduce a portion of Levi's heavy debt burden, it would also reduce Levi's revenues and earnings stream as well as reduce the company's business diversification.

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