|
|
 |
|
Viewing report
|
|
|
|
Big Lots Inc. 'BBB' Rating Still On CreditWatch Negative May 11
Standard & Poors, May 2011
Abstract
Unconfirmed media reports indicate that U.S. close-out retailer Big Lots may not be purchased by a group of private-equity firms. All of the company's ratings remain on CreditWatch with negative implications, where they were placed on Feb. 8, 2011. We expect to resolve the credit watch status within the next 30 to 60 days after assessing the company's future strategic plans, financial policy, and operating performance. CHICAGO (Standard & Poor's) May 20, 2011--Standard & Poor's Ratings Services said today that all of its ratings on Columbus, Ohio-based Big Lots Inc., including the 'BBB' corporate credit rating, remain on CreditWatch with negative implications. The ratings were placed on CreditWatch on Feb. 8, 2011 following unconfirmed reports that Big Lots could be...
Companies mentioned in this report are: Big Lots Inc.
Action: CreditWatch Update
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
