Fast Forward: What's Ahead in Distress
Chapter 22 (Retail). Payless Inc. earned itself an S&P Global Ratings downgrade this week to CCC after "operating performance...continued to deteriorate meaningfully in the third quarter of fiscal 2017, following its emergence from bankruptcy in August 2017, a trend we expect to persist in fiscal 2018." S&P also assessed the shoe retailer's liquidity do…
Keep reading with a 7-day free trial
Subscribe to PETITION to keep reading this post and get 7 days of free access to the full post archives.