VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed - S&P Global Ratings’ Credit Research

VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed

VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed - S&P Global Ratings’ Credit Research
VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed
Published Sep 10, 1999
Published Sep 10, 1999
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Abstract:

NEW YORK (Standard&Poor's CreditWire) Sept. 10, 1999--Standard&Poor's today revised its rating outlook on VF Corp. to stable from positive. The single-'A'-minus long-term corporate credit and senior unsecured debt ratings, as well as the 'A-2' short-term corporate credit and commercial paper ratings, for the company were affirmed. Total rated debt is about $900 million. The outlook revision follows the recent announcement that VF sales and earnings will be down in the third quarter because of continuing weakness in mid-tier department stores and international jeans sales. Mid-tier department stores sales declines have affected VF's important jeans segment, as well as its knitwear and Vanity Fair product lines. Ratings are based on VF's strong market share in jeanswear, its

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Apparel , Accessories & Luxury Goods (25203010)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed" Sep 10, 1999. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/VF-Corp-Outlook-Revised-to-Stable-from-Positive-Ratings-Affirmed-119173>
  
APA:
S&P Global Ratings’ Credit Research. (). VF Corp. Outlook Revised to Stable from Positive; Ratings Affirmed Sep 10, 1999. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/VF-Corp-Outlook-Revised-to-Stable-from-Positive-Ratings-Affirmed-119173>
  
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