New York, August 26, 2015 -- Moody's Investors Service today said that Abercrombie & Fitch Co.'s second quarter results were a step in the right direction and are a credit positive. The ratings on its indirect subsidiary, Abercrombie & Fitch Management Co. (B1 Positive) are unaffected. While it appears that turnaround initiatives are beginning to take hold, further sustained improvement is needed in order to improve ratings. Significant execution risk remains as the company's initiatives are still in the early stages.
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