Gap's Debt Makes Investment Grade

S&P's upgraded rating reflects a strong balance sheet, and improvements to product quality, execution, and inventory management

Standard & Poor's Ratings Services raised its corporate credit and senior unsecured debt ratings on San Francisco-based Gap (GPS ) on Feb. 10 to BBB- from BB+. The move puts Gap's ratings in the investment grade category. The ratings outlook is stable.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.