S&P Rating Raises Polo Ralph Lauren's Outlook to Positive (RL)
2/25/2010-Standard & Poor's Ratings Services upgraded its outlook on Polo Ralph Lauren (NYSE: RL) to positive from stable, citing the apparel company's success in maintaining its operating performance despite the downturn.
S&P said the company's stability is a function of its brands' strength and its cost cutting.
Polo is currently rated at BBB+, three steps above junk territory.
Write to Chip Brian at cbrian@tradethetrend.com
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