By  on May 29, 2014

Citing concerns about the “mature premium denim category,” Moody’s Investors Service lowered the corporate family credit rating of True Religion Apparel Inc. a single tick, to “B3” from “B2.”

“B” ratings sit below those in the “Ba” family, the highest speculative, or noninvestment, grade. Approximately $485 million of rated bank debt is covered by the evaluation.

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