Fitch ups Levi's notes

Fitch Ratings said it has affirmed its issuer default rating on Levi Strauss & Co. at B+ and revised the company's outlook to stable from negative.

In addition, Fitch said it affirmed its ratings on Levi's credit facility and upgraded the company's unsecured term loan and notes.

The agency noted that the affirmation reflects Levi's well-known brands, strong market shares and wide geographic diversity, balanced against soft but improving operating trends and moderately high financial leverage.

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