Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

With Virus Stalling Turnaround, JCP Sees Credit Rating Suffer

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.

Moody’s downgraded J.C. Penney Co. Inc.’s corporate family rating as the retailer reportedly explores debt deal options. On Monday, the credit ratings firm lowered the retailer’s corporate family rating to “Caa3” from “Caa1,” and downgraded other ratings, such as its senior secured ABL Revolving credit facility and senior term loan notes. Moody’s also revised Penney’s…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!