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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus