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J.C. Penney, J. Crew’s Billions in Loan Debt Spark Scrutiny by Fitch Ratings

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

J.C. Penney Corp. Inc. and J. Crew Group Inc. are among the businesses under scrutiny on Fitch Ratings’ “top loans of concern” list, where 18 percent of companies under fire hail from the retail sector. According to credit ratings agency Fitch, Penney’s appeared on its list, published in its U.S. Leveraged Loan Default Insight report, for the…

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