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Moody’s Warns of Default Spike, Mounting Maturities for Retail and Apparel

While apparel retail executives are pinning their hopes on the strong economy, the benefits related to tax reform and the willingness to spend that consumers demonstrated during the holidays, Moody’s says not so fast. Though the credit ratings agency agrees that retail is “absolutely” improving, the firm also said the recovery will be uneven. “While…

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