NEW YORK (Standard&Poor's) June 30, 2005--Standard&Poor's Ratings Services assigned its 'BB' long-term corporate credit rating to global lifestyle apparel marketer and designer Quiksilver Inc. At the same time, Standard&Poor's assigned its 'BB-' debt rating to the company's proposed $350 million notes due 2015. Proceeds will be used to partially finance the previously announced acquisition of Skis Rossignol S.A. The above ratings are subject to Standard&Poor's review of the final documentation. The outlook on Huntington Beach, Calif.-based Quiksilver is stable. The proposed $350 million notes are rated one notch below the corporate credit rating, reflecting Standard&Poor's criteria for notching of holding company debt issues when there is a material disadvantage due
