NEW YORK (Standard&Poor's CreditWire) Nov. 17, 2000--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 $1.4 billion of total debt was outstanding as of Sept. 30, 2000. The outlook is stable. The affirmation follows the company's announcement that it will be taking a pretax charge of approximately $120 million-$140 million for exiting nonstrategic workwear businesses, closing some operations in its jeanswear business in Japan, and other general corporate cost-saving activities. Despite cash outlays for a portion of the charge, Standard&Poor's expects that VF Corp. will be able to maintain credit measures
