- Language: English
- Published: October 2012
Summary: Jones Group Inc. Nov 11
- ID: 2027799
- November 2011
- Standard & Poors
The ratings on Bristol, Pa.-based Jones Group Inc. reflect the company's financial risk profile, which we characterize as significant. In addition, we view the company's business risk profile as fair, given the very competitive nature of the apparel and footwear businesses, and the company's concentration in the department store channel. We also factor into our business risk assessment the company's scale and portfolio of well-recognized brands in the women's apparel and footwear segments (including the Jones brands, Nine West, Anne Klein, Rachel Roy, Stuart Weitzman, Gloria Vanderbilt, Robert Rodriguez, and l.e.i.) and its product portfolio diversity. The ratings also reflect the company's ability to generate positive cash flow despite still weak economic conditions. We believe Jones' credit metrics, which weakened...
Companies mentioned in this report are:
- Jones Group Inc.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >