Moody's: J.C. Penney Announces Plan to Close 130-140 Stores with Exact Locations Forthcoming
New York, February 27, 2017-- J.C. Penney Company, Inc. announced on February 24, 2017 that it will be closing between 130- 140 stores. Upon the release of the store closing list, Moody's will monitor developments at the affected properties that fall within its rated US commercial mortgage-backed securities universe to determine whether its loss estimates for affected transactions require updating.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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