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Debt Could Be the Death Knell For These Distressed Retailers

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2021 isn’t likely to deliver the same level of financial implosion that rocked retail and apparel last year, according to Moody’s Investors Service, though the credit ratings firm’s outlook is higher than other post-recessionary periods. The rating firm’s forecast of a 5.3 percent default rate for apparel and retail firms this year hews fairly closely…

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