S&P: Ascena view to positive

Standard & Poor's said it revised the outlook on Ascena Retail Group Inc. to positive from stable.

The agency also said it affirmed its BB- corporate credit rating.

The outlook revision reflects the company's improved credit metrics following the partially debt-funded acquisition of Charming Shoppe in May 2012 with consistent debt repayment, a trend that is expected to continue, S&P said.

The agency said it could raise the ratings if the company successfully integrates and improves the acquired brands and the trend is supported by consistent positive comparable-store sales.

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