Moody's changes outlook on House of Fraser's B3 ratings to negative from stable; affirms the ratings
London, 18 January 2017-- Moody's Investors Service, has today changed to negative from stable the ratings outlook of House of Fraser Limited and House Of Fraser plc. The ratings affected include House of Fraser's Corporate Family Rating of B3, probability of default rating of B3-PD, and the B3 rating of the GBP175 million floating rate notes due 2020 issued by House Of Fraser plc. At the same time, Moody's affirmed all ratings. "Despite HoF's positive Christmas 2016 trading update,...
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