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Bluestem Brands Ratings Lowered

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On July 10, 2017, S&P Global Ratings lowered its corporate credit rating on Bluestem Brands, Inc. to CCC+ from B and its first-lien term loan rating to CCC+ from B. According to S&P Global, the downgrade reflects the expectation that Bluestem’s operating performance will continue to deteriorate, its debt leverage will remain very high and liquidity will weaken. Read more on distressed companies.

The post Bluestem Brands Ratings Lowered appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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