Moody's may up Reebok notes

Moody's Investors Service said it placed Reebok International Ltd.'s Baa3 senior unsecured rating on its 6¾% senior unsecured notes due Sept. 15, 2005 on review for possible upgrade reflecting the company's good and stable operating performance with strong credit metrics.

Moody's said the review will focus on the sustainability of the company's market position amidst intense competition and its ability to maintain its operating performance.

The review will also focus on the company's long-term strategy, including its financial strategy and its progress with respect to product and market diversification.

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