WWD.com/fashion-news/fashion-features/s-p-downgrades-j-c-penney-debt-729948
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S&P Downgrades J.C. Penney Debt

NEW YORK — Standard & Poor’s still believes in J.C. Penney Co.’s turnaround, but less-than-stellar prospects for this year led the ratings agency on Thursday to downgrade the retailer’s debt to “junk”...

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