S&P: Limited Brands negative

Standard & Poor's said that it revised the outlook on Limited Brands Inc. to negative from stable and affirmed all the ratings on the company, including the BB+ corporate credit rating.

The outlook revision reflects Limited Brands' aggressive financial policy and an increase in leverage as a result of the $750 million senior note issuance and authorization of a $500 million share repurchase program, S&P said.

The ratings on Limited Brands reflect the company's good performance over the past year and expectations of further growth, albeit at a diminished rate, the agency said.

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