NEW YORK (Standard & Poor's) Feb. 25, 2009--Standard & Poor's Ratings Services said today it placed its ratings, including the 'BB-' corporate credit rating, on St. Louis-based Brown Shoe Co. Inc. on CreditWatch with negative implications. "The rating action reflects our expectation for fourth-quarter operations to be below our already lowered expectations and ongoing performance challenges at least over the near term," said Standard & Poor's credit analyst David Kuntz. He added that another factor is further deterioration of credit protection metrics, which are already below average for the rating category....
Companies mentioned in this report are:
- Caleres Inc.
Action: On CreditWatch:Negative
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Research type: News
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