Credit rating now CCC- which is described as "Default imminent with little prospect for recovery"
9 replies (most recent on top)
Yep, fake news. If you claim its not true, it must not be true.
@dbb It's a forum, not a blog... and that's probably misinformation or wishful thinking.
And yet the stock jumps 6% today. More fake news?
Many are being upgraded to something more appealing. Like a vacant box.
The Kmart blog on this site says the remaining stores are being upgraded. Is this true?
thats serious news actually. Although I highly doubt sears is getting any loans from anyone other than Eddie right now anyway.
I think RadioShack went bankrupt after having a Caa2 rating for a year or so. Sears was downgraded to Caa2 January of last year. They're different companies ran in different ways but getting downgraded even further (using a different system) is definitely some bad news
Yikes. CCC- is pretty much the level where the credit rating guy is checking his watch, thinking "any minute now..."
The end is near. I'm betting bankruptcy by March at the latest.
Wow, the SHLD transformation continues to accelerate!
Meaning little chance of being able to refinance these loans??