MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services upgraded
Hanesbrands Inc., citing positive operating momentum as a stand-alone entity
since the intimate apparel and activewear maker's spin-off from Sara Lee Corp.
Hanesbrands' corporate credit rating was raised to 'BB-' from 'B+'.
"Management is on track in executing the company's strategies, is focusing
on investing in key brands," said credit analyst Susan H. Ding, "and has
benefited from its cost-saving initiatives."
TFN.newsdesk@thomson.com
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