By  on March 5, 2012

Rating agency Standard & Poor’s upgraded Liz Claiborne Inc.’s corporate credit rating to “B” from “B-minus” and removed the ratings from CreditWatch. The agency said the outlook is stable.

Claiborne, which plans to change its name to Fifth & Pacific Cos. in May, sold off a number of assets last year, including the Liz Claiborne brand and a majority of its Mexx business, and used the money raised to pay down debt.

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