Moody's ups William Carter

Moody's Investors Service said it upgraded William Carter Co., a wholly owned subsidiary of Carter's Inc., corporate family rating to Ba2 and probability of default rating to Ba3.

In addition, Moody's said it upgraded Carter's senior secured credit facilities to Ba2.

The outlook is stable.

"The upgrade reflects Carter's consistent operating performance and strong credit metrics notwithstanding the very difficult economic environment," said Moody's vice president & senior analyst Scott Tuhy.

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