• GIVING ISAAC CREDIT: Limiting distribution of the Isaac Mizrahi-designed Liz Claiborne line to just one store per mall could be a good thing for parent Liz Claiborne Inc.’s credit profile, according to analysis from Moody’s Investors Service. “If successful, the strategy could build momentum toward stabilizing Liz Claiborne’s ‘Ba3’ corporate family rating, which has fallen three notches since November,” said Scott Tuhy, vice president and senior analyst at Moody’s. A rating in the “Ba” category indicates “substantial credit risk,” according to the rating agency’s scale. Last week, Moody’s lowered Claiborne’s corporate family credit rating from “Ba1.” The rating outlook is negative.

This story first appeared in the April 14, 2009 issue of WWD. Subscribe Today.

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