Moody’s gives A2 to Ralph Lauren notes

Moody's Investors Service said it assigned an A2 rating to Ralph Lauren Corp.’s offering of new $300 million senior unsecured notes due 2020.

The outlook remains stable.

Net proceeds will be used for general corporate purposes.

Moody’s said the A2/Prime 1 ratings reflect the company's ownership of the Ralph Lauren family of brands, collectively one of the most recognized global apparel brands. The rating also reflects Ralph Lauren’s long-term successful track record of growing this brand into new product categories and geographies, evidenced by operating margins that compare favorably to most consumer goods companies, the agency said.

© 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.