Moody’s Investors Service sharply cut its credit rating on J.C. Penney Co. Inc. Tuesday.
The debt watchdog downgraded the retailer’s corporate family credit rating three notches...
financial
financial
November 21, 2012
Moody's Downgrades J.C. Penney's Rating
The debt watchdog expects the retailer’s gross margins to “severely decline” in the fourth quarter as the company clears excess inventory.
financial/news
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