NEW YORK (Standard&Poor's) June 15, 2010--Standard&Poor's Ratings Services today said its ratings on Quiksilver Inc. (B-/Negative/--) are not immediately affected by the company's announcement that it agreed to a debt-for-equity exchange with Rhone Capital. On June 15, 2010, the company announced that it planned to pursue a debt for equity exchange of $75 million in principal of its Rhone Capital term loan for approximately 16.7 million shares of common stock at an exchange price of $4.50 per share, with a 60-day option to exchange another $65 million at the same price. During the option period, the company will pursue alternative equity or equity-related financing to fund repayment of the term loan. As of April 30, 2010,
