S&P puts Oxford on watch

Standard & Poor's said it placed Oxford Industries Inc.'s BB- corporate credit rating on CreditWatch with negative implications.

"The CreditWatch placement follows the company's announcement of weak preliminary results and expected noncash impairment charge of goodwill and other intangible assets of $275 million to $325 million for the fourth-quarter ended Jan. 31, 2009," S&P analyst Bea Chiem said in a statement.

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