NEW YORK (Standard & Poor's CreditWire) Sept. 30, 1999--Standard & Poor's today assigned its 'A-1' commercial paper rating to The Gap Inc.'s 4(2) Extendible Commercial Notes Program. Standard & Poor's also assigned its single-'A' rating to the Euro 250 million unsecured notes due 2004 issued by Gap International B.V. These notes are unconditionally and irrevocably guaranteed by The Gap Inc., the parent of Gap International B.V. At the same time, Standard & Poor's affirmed its single-'A' corporate credit, senior unsecured debt, and bank loan ratings on The Gap, as well as its 'A-1' short-term corporate credit and commercial paper ratings on the company. The outlook is stable. The ratings reflect The Gap's strong business position in the casual apparel industry
