Moody's Ratings downgrades Kohl's CFR to Ba3; outlook negative
Moody's Ratings (Moody's) today downgraded Kohl's Corporation's (Kohl's) corporate family rating (CFR) to Ba3 from Ba2, its probability of default rating (PDR) to Ba3-PD from Ba2-PD and its senior unsecured ratings to B1 from Ba3. Its speculative grade liquidity rating (SGL) was also downgraded to S...Kohl's operates department stores, a website (www.Kohls.com), FILA outlets, and Off-Aisle clearance centers. The company's Kohl's stores and website sell proprietary and national brand apparel, footwear, accessories, beauty and home products. The company's website includes merchandise that is available in its stores, as well as merchandise that is available only online. The company's portfolio includes private brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Goods for Life and exclusive brands that are developed and marketed through agreements with brands such as Food Network, LC Lauren Conrad, Elle and Simply Vera Vera Wang.
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