By  on March 14, 2014

Levi Strauss & Co.’s efforts to reduce its debt paid off Friday with Standard & Poor’s Ratings Services raising its credit rating and the rating on its senior unsecured debt one notch to “B” from “B minus.”

That leaves the San Francisco-based jeans and sportswear giant one tick shy of a “BB plus” rating, the highest speculative, or non-investment, grade in S&P’s rating lineup.

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