S&P's Li & Fung ratings unaffected

Standard & Poor's said its ratings on Li & Fung Ltd. (A-/stable) are not affected by the company's plan to acquire Oxford Womenswear Group from Oxford Industries Inc. The $37 million acquisition will be financed with a combination of cash and bank debt.

The agency said it expects Li & Fung's debt to EBITDA ratio to remain below 2x and the company's financial to remain commensurate with the A- rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.