J.C. Penney (JCP) CFR cut to B3 from Ba3 by Moody's
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Moody's Cuts JCPenney's (JCP) CFR, L-T Ratings from Ba3 to B3, Outlook Negative
November 20, 2012 2:31 PM ESTMoody's Investors Service today downgraded J.C. Penney Company, Inc.'s ( NYSE: JCP) long term ratings, including its Corporate Family Rating and Probability of Default Rating to B3. At the same time, Moody's also downgraded J.C. Penney's Speculative Grade Liquidity rating to SGL-3 which represents adequate liquidity. The rating outlook is negative.
The following ratings are downgraded
For J.C. Penney Company, Inc.
Corporate Family Rating to B3 from Ba3
Probability of Default Rating to B3 from Ba3
Speculative Grade Liquidity rating to SGL-3 from... More
