Monday, July 29, 2019

J.C. Penney added to Fitch's 'loans of concern' list

Retail Dive
J.C. Penney is among the latest additions to Fitch Rating's "loans of concern" list, indicating a high risk of default on a $1.6 billion loan balance at the department store retailer, according to an emailed report.

In adding Penney, the ratings firm noted debt restructuring concerns, which likely intensified with recent reports that the retailer was working with adviserson its debt load.
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