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Fitch downgrades Levi Strauss

Fitch Ratings has affirmed its Issuer Default Rating (IDR) on Levi Strauss & Co. (Levi's) at 'B+' and revised the company's Rating Outlook to Negative from Stable, as reported by Reuters Wednesday. In addition, Fitch affirmed Levi's credit facility and downgraded the company's unsecured term loan and notes, as the denim company had $2 billion of...

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