Bulletin: VF Corp. Ratings Not Affected By Upsized Revolver

NEW YORK (S&P Global Ratings) June 8, 2016--S&P Global Ratings said today that its ratings on Greensboro, N.C.-based VF Corp. are not affected by the $500 million increase of the company's unsecured revolving credit commitment to $2.25 billion. The revolving facility is available for general corporate purposes, including acquisitions, repurchases of outstanding shares of the company's common stock, and other corporate purposes. The revolver expires April 14, 2020. All of our ratings on the company, including our 'A' corporate credit rating, 'A-1' commercial paper rating, and 'A' unsecured debt rating remain unchanged. The outlook is stable. The ratings on VF Corp. reflect its strong credit metrics, consistently good operating performance, solid market positions, and its participation in the highly competitive

...NEW YORK (S&P Global Ratings) June 8, 2016--S&P Global Ratings said today that its ratings on Greensboro, N.C.-based VF Corp. are not affected by the $500 million increase of the company's unsecured revolving credit commitment to $2.25 billion. The revolving facility is available for general corporate purposes, including acquisitions, repurchases of outstanding shares of the company's common stock, and other corporate purposes. The revolver expires April 14, 2020. All of our ratings on the company, including our 'A' corporate credit rating, 'A-1' commercial paper rating, and 'A' unsecured debt rating remain unchanged. The outlook is stable. The ratings on VF Corp. reflect its strong credit metrics, consistently good operating performance, solid market positions, and its participation in the highly competitive apparel industry. The company benefits from its broad product offering that is diverse both in categories and price points. In addition, the company's cash flow generation is good...

Bulletin