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S&P: Mothers Work stable
Standard & Poor's said it revised its outlook on specialty maternity apparel retailer Mothers Work Inc. to stable from positive. Ratings, including the B+ corporate credit rating, were affirmed.
The bank loan rating is BB-, and the senior unsecured debt rating is B+.
S&P said the outlook revision reflects weaker-than-expected performance at the company and S&P's expectation that credit-protection measures will not improve in the near-to-intermediate term to levels previously anticipated.
Ratings reflect the high business risk associated with Mothers Work's participation in the narrowly defined maternity segment of the apparel retailing industry and the company's relatively small size, the agency said.
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