S&P rates Ralph Lauren notes A

Standard & Poor's said it assigned an A rating to Ralph Lauren Corp.'s issuance of $300 million unsecured notes.

The proceeds are available for general corporate purposes.

All of the existing ratings on the company, including the A corporate credit rating and A-1commercial-paper rating, are unchanged by the transaction.

The outlook is stable.

The ratings reflect the company’s strong credit metrics, well-managed portfolio of strong brands, long track record of successful operating performance and strong profit margins while operating in the competitive apparel industry, S&P said.

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