Hanesbrands lifted by Moody's

|About: Hanesbrands Inc. (HBI)|By:, SA News Editor

Moody's lifts its rating on Hanesbrands (HBI -1.2%) to Ba1 from Ba2 as it reduces the risk of default it associates with the apparel seller.

Improved operating margins at Hanesbrands and a debt-to-EBITDA ratio which has fallen to 3.2 caught the attention of Moody's.

The ratings agency has a Stable outlook on the company.