Additional sources are reporting that CIT Group will tag J.C. Penney (JCP) with a surcharge on...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

Additional sources are reporting that CIT Group will tag J.C. Penney (JCP) with a surcharge on short-term lending due to the retailer's credit profile. The development comes just days after CFO Ken Hannah promised the company can self-fund its continued investment into Shops and with free cash flow drifting below the $1B mark.