By  on December 22, 2009

Burlington Coat Factory Warehouse Corp. won a ratings upgrade from Standard & Poor’s based on its plan to reconfigure its $800 million asset-based credit facility.

S&P raised its rating on BCF’s secured debt to “B-minus” from “CCC-plus” while maintaining the Burlington, N.J.-based off-price retailer’s stable outlook and overall “B-minus” corporate credit rating.

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