Warnaco announces ratings upgrades issued by S & P's
13 Jun '07
1 min read
The Warnaco Group Inc and its wholly-owned subsidiary Warnaco Inc announced that Standard & Poor's Rating Services ("S & P") issued a press release raising its long-term corporate credit rating on Warnaco to BB from BB-.
S & P also raised its unsecured debt rating on Warnaco to BB- from B+ and raised its secured bank loan rating for Warnaco to BBB- from BB. S & P's ratings outlook for Warnaco is stable.
The Warnaco Group Inc, headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands.
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