TEXT - S&P says J. Crew Group ratings unaffected by dividend plan

Thu Dec 20, 2012 12:09pm EST

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Dec 20 - Standard & Poor's Ratings Services said today that the announcement by New York City-based J. Crew Group Inc. of a $197.5 million special dividend will have no immediate effect on our ratings on the company, including the 'B' corporate credit rating, or outlook. We expect the company's strong performance is likely to continue over the next few quarters, which should benefit credit protection metrics.

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