Moody's: May Outlook Now Negative

January 2005
Home Textiles Today;1/17/2005, Vol. 26 Issue 19, p20
Trade Publication
The article reports that Moody's Investors Service Inc. is holding steady its ratings on May Department Stores debt, however, citing weakening same-stores sales and a sluggish holiday performance, has lowered the retailer's outlook to negative from stable. May stores might well be more challenged than its peers in offering the compelling merchandise and/or shopping experiences necessary to differentiate itself from discounters and from specialty' apparel and home goods retailers. Moody's said the same-store sales shortfall is mostly due to weakness at core May stores.


Related Articles

  • Moody's Lowers Dillard's Ratings. D.B. // WWD: Women's Wear Daily;1/5/2004, Vol. 187 Issue 1, p18 

    Reports that Moody's Investors Services has lowered Little Rock, Arkansas-based department store chain Dillard's Inc.'s debt ratings. Lowering of shelf ratings; Implications of the downgrade.

  • Credit Squeeze Boosts Retail Costs. Clark, Evan // WWD: Women's Wear Daily;9/15/2008, Vol. 196 Issue 57, p24 

    The article discusses the effects of economic slowdown in the U.S. on retailers. Even well-funded retailers are finding that the credit crunch is making it expensive and inconvenient to borrow money and are paying higher interest rates and giving up financial flexibility and cutting overhead and...

  • Saks Exchange Will Help�A Little. Appin, Rick // High Yield Report;9/10/2001, Vol. 12 Issue 35, pN.PAG 

    Reports that Moody's Investors Service Inc. has downgraded credit ratings of department stores company Saks Inc. Plan of the company to change existing debt for cash and debt; Reason behind the decision of Moody's; Impact of the decision of Moody's on the company.

  • May Co. Debt Rating Raised.  // WWD: Women's Wear Daily;11/16/1998, Vol. 176 Issue 94, p23 

    Reports that Moody's Investors Service has upgraded May Department Stores Company's long-term debt ratings from A2 to A1 and its senior unsecured shelf from (P) A2 to (P) A1. Third-quarter earnings of the company; Ranking for the company's revolving credit line.

  • Retail To Continue Spending Spree.  // Bank Loan Report;4/16/2007, Vol. 22 Issue 15, p1 

    The article reports on the observation of Moody's Investors Service Inc. regarding the financial activities of few retailers in the U.S. The company indicate that aggressive financial activities of retailers manifest that they are focusing on materially paying down debt to migrate to a higher...

  • Moody's Cuts Outlook For Retail. Clark, Evan // WWD: Women's Wear Daily;9/23/2010, Vol. 200 Issue 63, p15 

    The article explores a credit outlook on the retail sector in the U.S. by Moody's Investors Service Inc. in the week of September 29, 2010. It says that U.S. retail earnings would slowdown to a modest low-single-digit pace over current levels for the next 12 to 18 months, before interest and...

  • ROUNDY'S SEEKS TO AMEND CREDIT.  // SN: Supermarket News;11/2/2009, Vol. 57 Issue 44, p4 

    The article reports that according to a report in the last week of October 2009, Roundy's Supermarkets Inc. in Milwaukee, Wisconsin, is seeking to extend the maturities on some of its debt. Moody's Investors Service Inc. affirmed its ratings for Roundy's at B2 for the company's debt, B1 for the...

  • Moody's: Default Rate Falls to 1.9%. Sheahan, Matthew // High Yield Report;8/8/2011, p8 

    The article reports on the decrease in the global speculative-grade default from 2.3 percent in June to 1.9 percent in July 2011, as reported by the Moody's Investors Service.

  • Oklahoma's GO Affirmation. Watts, Jim // Bond Buyer;2/7/2012, Vol. 379 Issue 33659, p5 

    The article reports on Oklahoma's Aa2 ratings and mentions the positive outlook of Moody's Investors Service Inc. for the 222.5 million dollars general obligation debt of the state.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics