S&P puts Levi Strauss on positive watch

Standard & Poor's put Levi Strauss & Co. on CreditWatch with positive implications including its corporate credit rating at CCC.

S&P said the CreditWatch listing reflects its expectation that full year results will demonstrate improvement in the company's operating results and liquidity position.

The rating agency said its analysis will focus on the benefits from the cost-reduction and restructuring efforts in the past year, sustainability of revenues and the ability to reduce debt and extend maturities.

Levi Strauss' corporate credit rating could be raised to the B category within 30 days, S&P added.

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