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Fitch upgrades Limited Brands' credit

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Chicago Fitch Ratings on Thursday upgraded a number of its ratings on Limited Brands given the retailer's improved condition.

The rating agency upgraded its rating on the company's senior secured bank credit facility to "BBB-" from "BB+" and on its senior unsecured guaranteed notes to "BB+" from "BB."

Fitch affirmed a number of its issuer default ratings and upgraded Limited Brands' rating outlook to "Stable" from "Negative."

Fitch said the upgrades recognize the improvement in the company's credit profile and changes to its capital structure over the past year.

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