VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge - S&P Global Ratings’ Credit Research

VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge

VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge - S&P Global Ratings’ Credit Research
VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge
Published Nov 14, 2001
Published Nov 14, 2001
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's CreditWire) Nov. 14, 2001--Standard&Poor's today affirmed its single-'A'-minus long-term corporate credit and senior unsecured debt ratings for VF Corp., as well as its 'A-2' short-term corporate credit and commercial paper ratings for the company. About $1.0 billion of total debt was outstanding as of Sept. 30, 2001. The outlook is stable. The affirmation follows the company's announcement that it will be taking a pretax charge of approximately $300 million for exiting lower margined businesses. Despite cash outlays for a portion of the charge, Standard&Poor's expects that VF Corp. will be able to maintain credit measures appropriate for the rating over the intermediate term. The ratings for VF Corp. reflect the company's

  
Report Type:

Ratings Action

Ticker
VFC
Issuer
VF Corp.
GICS
Apparel , Accessories & Luxury Goods (25203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Summary: VF Corp. – 2001/11/15 – US$ 225.00

Summary: VF Corp. – 2002/02/26 – US$ 225.00

Summary: VF Corp. – 2002/07/08 – US$ 225.00

Summary: VF Corp. – 2001/07/24 – US$ 225.00

Summary: VF Corp. – 2001/04/05 – US$ 225.00

VF Corp. – 2001/04/04 – US$ 500.00

Summary: VF Corp. – 2001/03/28 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge" Nov 14, 2001. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/VF-Corp-Ratings-Affirmed-After-Announcement-of-Pretax-300-Million-Charge-219334>
  
APA:
S&P Global Ratings’ Credit Research. (). VF Corp. Ratings Affirmed After Announcement of Pretax $300 Million Charge Nov 14, 2001. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/VF-Corp-Ratings-Affirmed-After-Announcement-of-Pretax-300-Million-Charge-219334>
  
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