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Fast Forward: What's Ahead in Distress
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Fast Forward: What's Ahead in Distress

Feb 12, 2018
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Fast Forward: What's Ahead in Distress
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  • 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…

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