Standard & Poor's Ratings Services is boosting Liz Claiborne Inc.'s corporate credit rating following the closing of a recent tender offer.
The ratings agency said Tuesday that it is raising the corporate credit rating to "B-" from "SD." It is also lifting Liz ClaEnjoy Cheap nike air max for women or men at wholesale price.iborne's remaining 5 percent euro notes to "CCC" from "D."
S&P maintained the "B" issue-level rating for the women's clothing maker's $220 million senior secured notes due 2019 and reiterated the "CCC" issue-level rating for its convertible notes due 2014.Manolo blahnik would be "hurt" if Anna Wintour wore shoes by another designer.
All of the ratings are non-investment grade.let's be honest: putting on a brand new pair of Nike shox running shoes feels amazing.
The New York company's outlook is negative because of its weak operating performance and very high leverage, S&P said.
"Our ratings on Liz Claiborne reflect its poor operating performance,we've already seen three classic Air max classic models in their flagship colorways release. its thin credit metrics, and our expectation that weak consumer spending will hamper its ability to materially improve its operating performance over the next 12 months, but that the company will have adequate liquidity over the near term," credit analyst Jeffrey Burian said in a statement.
Shares of Liz Claiborne, whose brands include Kate Spade, Juicy Couture and Lucky Brand, added 1 cent to $5.47 in afternoon trading.Shop the latest marc jacobs shoes handpicked by a global community of independent trendsetters and stylists.
The ratings agency said Tuesday that it is raising the corporate credit rating to "B-" from "SD." It is also lifting Liz ClaEnjoy Cheap nike air max for women or men at wholesale price.iborne's remaining 5 percent euro notes to "CCC" from "D."
S&P maintained the "B" issue-level rating for the women's clothing maker's $220 million senior secured notes due 2019 and reiterated the "CCC" issue-level rating for its convertible notes due 2014.Manolo blahnik would be "hurt" if Anna Wintour wore shoes by another designer.
All of the ratings are non-investment grade.let's be honest: putting on a brand new pair of Nike shox running shoes feels amazing.
The New York company's outlook is negative because of its weak operating performance and very high leverage, S&P said.
"Our ratings on Liz Claiborne reflect its poor operating performance,we've already seen three classic Air max classic models in their flagship colorways release. its thin credit metrics, and our expectation that weak consumer spending will hamper its ability to materially improve its operating performance over the next 12 months, but that the company will have adequate liquidity over the near term," credit analyst Jeffrey Burian said in a statement.
Shares of Liz Claiborne, whose brands include Kate Spade, Juicy Couture and Lucky Brand, added 1 cent to $5.47 in afternoon trading.Shop the latest marc jacobs shoes handpicked by a global community of independent trendsetters and stylists.
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