Sales trends at global apparel retailer Gap Inc. have improved over the past three quarters. Credit metrics remain very strong for the current 'BB+' corporate credit rating. We are revising our outlook to positive from stable and affirming our 'BB+' corporate credit rating on the company. The positive outlook reflects our expectation that Gap Inc. will maintain its recent improving sales trends over the next year. NEW YORK (Standard&Poor's) June 3, 2010--Standard&Poor's Ratings Services said today it affirmed its 'BB+' corporate credit rating and revised its outlook on San Francisco-based The Gap Inc. to positive from stable. "The ratings on Gap Inc. reflect management's challenge in improving the business fundamentals of its three brands in an
