Moody's rates Levi Strauss notes B2

Moody's Investors Service said it affirmed Levi Strauss & Co.'s B1 corporate family and probability of default ratings.

Moody's also assigned a B2 rating to the company's proposed $350 million senior unsecured notes due 2022 and affirmed the B2 ratings of the company's other series of unsecured debt.

Proceeds from the new notes will be used to tender for the company's $350 million senior unsecured notes due 2016 and for general corporate purposes.

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