Moody’s Downgrades Sears SGL Ratings, Questions Kmart Viability
Moody’s downgraded Sears’ speculative grade liquidity rating to SGL-3 from SGL-2, noting the company will continue to rely on external financing and monetization of assets to fund losses. Moody’s also questioned the viability of the Kmart franchise.
September 19, 2016
Kmart | Sears Holdgins
ABF Journal