S&P rates VF revolver A-

Standard & Poor's said it assigned its A- senior unsecured debt rating to VF Corp.'s new $1.25 billion five-year unsecured revolving credit facility. VF Corp. along with its VF Investments Sarl and VF Enterprises Sarl subsidiaries, are borrowers of the credit facility due December 2016.

According to S&P, the company had about $3 billion of reported debt outstanding as of Oct. 1, following completion of its acquisition of the Timberland Co. for $2.3 billion.

The agency said its ratings reflect VF Corp.'s "strong" business profile, given its good market positions in outdoor and action sports and jeanswear, portfolio of well-recognized brand names, consistently good operating performance, and diversification by distribution channel.

Moreover, S&P said it believes the September 2011 acquisition of Timberland will be complementary to VF Corp.'s existing businesses.

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