| Belk Inc.’s plan to restructure its debt with the assistance of a Chapter 11 submitting was one other reminder of simply how onerous the coronavirus has hit style’s funds. The corporate’s credit standing — at Caa1 within the reckoning of Moody’s Buyers Service — was a warning signal that the division retailer was on the sting. However there are many different companies borrowing within the mid to decrease reaches of the speculative or so-called “junk” debt market. Right here, the standings in accordance with Moody’s. | |||
| Firm (Affiliation) | Lengthy-term Ranking | Outlook | Definition |
| Jill Acquisition (J. Jill) | Caa2 | Steady | Obligations rated Caa are judged to be speculative of poor standing and are topic to very excessive credit score danger. |
| Boardriders Inc. (Quiksilver, DC, Roxy) | Caa1 | Detrimental | |
| Premier Manufacturers Group Holdings (9 West, Jones New York) | Caa1 | Detrimental | |
| Belk Inc. | Caa1 | Detrimental | |
| Talbots Inc. | B3 | Detrimental | Obligations rated B are thought of speculative and are topic to excessive credit score danger. |
| Fossil Group Inc. | B2 | Detrimental | |
| ABG Intermediate Holdings 2 LLC (Genuine Manufacturers Group) | B2 | Steady | |
| L Manufacturers Inc. | B2 | Constructive | |
| Calceus Acquisition Inc. (Cole Haan) | B2 | Detrimental | |
| Caleres Inc. | B1 | Detrimental | |
| Academy | B1 | Steady | |
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