Fitch Affirms and Assigns Recovery Ratings to 4 U.S. Retail Companies' Ratings
Best Buy Co.
--IDR at 'BB';
--Senior unsecured bank credit facility at 'BB'/'RR4';
--Senior unsecured notes at 'BB'/'RR4'.
The Rating Outlook is Stable.
Liberty Interactive LLC
--IDR at 'BB';
--Senior unsecured debt at 'BB'/'RR4';
The Rating Outlook is Stable.
QVC Inc.
--IDR at 'BB';
--Senior secured debt at 'BBB-'/'RR1';
The Rating Outlook is Stable.
Levi Strauss & Co.
--IDR at 'BB-';
--Senior secured bank credit facility at 'BB+'/'RR1'
--Senior unsecured notes at 'BB-'/'RR4'.
The Rating Outlook is Positive.
The assignment of the RRs reflects 'Recovery Ratings and Notching Criteria for Non-Financial Corporates issuers' criteria dated Nov. 18, 2014, which allows for the assignment of recovery ratings for issuers with IDRs in the 'BB' category.
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