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TEXT - S&P says J. Crew Group ratings unaffected by dividend plan
December 20, 2012 / 5:10 PM / 5 years ago

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

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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