Research Update: Barneys New York Inc. Ratings Withdrawn, Including 'B-' Corporate Credit Rating May 12
Standard & Poors, May 2012
Abstract
On May 9, 2012, Standard & Poor's Ratings Services withdrew its 'B-' corporate credit rating on New York City-based luxury retailer Barneys New York Inc. This action was taken at the request of the company. We estimate that there is less than $175 million of debt outstanding. Liquidity Descriptors For Global Corporate Issuers, Sept. 28, 2011 Business Risk/Financial Risk Matrix Expanded, May 27, 2009 2008 Corporate Criteria: Analytical Methodology, April 15, 2008 2008 Corporate Criteria: Our Rating Process, April 15, 2008 2008 Corporate Ratings Criteria: Ratios And Adjustments, April 15, 2008 Not Rated Action; Outlook Action To From Barneys New York Inc. Corporate Credit Rating NR/-- B-/Stable/--...
Companies mentioned in this report are: Barneys New York Inc.
Action: Withdrawn
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Barneys New York Inc.
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