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Moody's cuts its long-term ratings on J.C. Penney (JCP +3%) to B3 with a negative outlook. The...

Moody's cuts its long-term ratings on J.C. Penney (JCP +3%) to B3 with a negative outlook. The ratings agency says it forecasts the retailer's Q4 margins will fall sharply as slow sales incur the need to clear inventory at lower prices.
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  • neiman123
    , contributor
    Comments (14) | Send Message
     
    Will Captain Ron go down with the ship or is he arranging an earlierbuy-out of his contract?
    20 Nov 2012, 03:09 PM Reply Like
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