G-III Apparel Gets Upgraded by Moody’s on Donna Karan Strength
The ratings agency raised GIII’s secured term loan rating to Ba3 from B1 and its speculative grade liquidity rating to SGL-2 from SGL-3, while affirming its corporate family rating at Ba3 with a stable outlook. The upgrade was attributed to the speed with which GIII has paid down the borrowings used to fund ... Log in to view full article.
