Report
EUR 157.55 For Business Accounts Only

Moody's downgrades Neiman Marcus' CFR to Caa3

Moody's Investors Service, ("Moody's") today downgraded Neiman Marcus Group LTD LLC's ("NMG") Corporate Family Rating to Caa3 from Caa2 and its Probability of Default Rating to Ca-PD from Caa2-PD. The company's Speculative Grade Liquidity rating is affirmed at SGL-2. The outl...
Underlyings
Neiman Marcus Group LTD LLC

Neiman Marcus Group, Inc.(The) (Old)

Provider
Moody's Investors Service
Moody's Investors Service

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:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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