Moody's may up Polo

Moody's Investors Service said it placed Polo Ralph Lauren Corp.'s Baa1 senior rating on review for a possible upgrade.

The review reflects a view that Polo's overall business profile has improved, demonstrated by its ability to maintain consistently positive trends in revenues and earnings notwithstanding the sharp contraction in overall consumer spending, Moody's said.

The company has invested in growth strategies that have increased diversification by distribution channel, product category and geography, the agency said.

The review will focus on the company's ability to maintain strong operating performance and solid credit metrics in the current economic environment, Moody's said.

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