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Moody's stabilizes Ralph Lauren trend
Moody's Investors Service said it changed Ralph Lauren Corp.’s outlook to stable from negative and affirmed Ralph Lauren's A3 senior unsecured rating.
"The affirmation and change in outlook to stable reflects Ralph Lauren's recovery from the very challenging environment over the past two years," said Mike Zuccaro, a Moody's vice president, in a press release.
"Continued success in implementing its Next Great Chapter growth and restructuring plans have driven strong global sales growth and margin expansion that, when coupled with permanent debt reduction, have led to significant improvement in credit metrics," Zuccaro added.
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