Victoria’s Secret Drags Down L Brands’ Credit Outlook to Negative

Credit ratings firm Moody’s Investors Services isn’t too keen on Victoria’s Secret parent company, L Brands Inc., these days. The ratings firm on Tuesday changed its outlook from “Stable” to “Negative.” “L Brand’s negative outlook reflects the deteriorating operating margins and negative comparable store sales at Victoria’s Secret for the past ten quarters,” Christina Boni, credit analyst…