| Title: | St. John Knits 'B+' Rating Affirmed; Outlook Revised To Stable From Negative |
| Price: | $100.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Irvine, Calif.-based apparel manufacturer St. John Knits International Inc. to stable from negative. At the same time, Standard&Poor's affirmed its ratings on the company, including the 'B+' corporate credit rating and the 'BB' bank loan and '1' recovery rating. Total debt outstanding at Jan. 27, 2008, was about $147 million. "The outlook revision reflects St. John's improving operating performance and credit protection measures," said Standard&Poor's credit analyst Susan Ding. St. John management has taken steps to correct fit, delivery, and target customer issues which occurred during 2006 when it took aggressive steps to update the product line |
| Brief Excerpt: | RESEARCH Ratings Definitions St. John Knits '##' Rating Affirmed; Outlook Revised To Stable From Negative Publication date: ##-May-#### Primary Credit Analyst: Susan H Ding, New York (#) ###-###-####; susanh_ding@standardandpoors.com... |
| Word Count: | 565 |
| Ticker: | SJKI |
| Issuer: | St. John Knits International Inc. |
| GICS: | Apparel, Accessories & Luxury Goods (25203010) |
| Sector: | Global Issuers, Corporations, Consumer Products |
| Country: | United States |
| Region: | United States |
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