New York, February 26, 2014 -- Moody's Investors Service today downgraded Nine West Holdings, Inc. ("Nine West", initially Jasper Merger Sub Inc.) Corporate Family Rating to B3 from B2. Moody's also assigned a B3 rating to the company's proposed $250 million senior unsecured term loan. The Ba3 rating assigned to the company's senior term loan B was affirmed as well as the SGL-2 Speculative Grade Liquidity rating. The ratings assigned are subject to receipt and review of final loan documentation and closing of the acquisition of The Jones Group Inc. on substantially the current terms. Upon consummation of the transaction, Jasper Merger Sub, Inc. will be merged with and into The Jones Group, Inc. ("Jones") with Jones being the surviving entity, and will be renamed Nine West Holdings, Inc.

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