Rating Action: Moody's downgrades Neiman's PDR to D-PD following Chapter 11 filing. Global Credit Research- 11 May 2020. New York, May 11, 2020-- Moody's Investors Service, downgraded Neiman Marcus Group LTD LLC's probability of default rating to D-PD from Caa3-PD following the company's announcement that it has commenced voluntary prearranged Chapter 11 proceedings.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Neiman Marcus Group LTD LLC. Global Credit Research- 24 Apr 2020. New York, April 24, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Neiman Marcus Group LTD LLC and other ratings that are associated with the same analytical unit.
Rating Action: Moody's upgrades Neiman's Probability of Default rating to Caa3-PD, appends with LD designation. Global Credit Research- 13 Jun 2019. New York, June 13, 2019-- Moody's Investors Service today upgraded Neiman Marcus Group LTD LLC's probability of default rating to Caa3-PD from Ca-PD and appended the PDR with the "/ LD" designation.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Neiman Marcus Group LTD LLC. Global Credit Research- 12 Jun 2019. New York, June 12, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Neiman Marcus Group LTD LLC and other ratings that are associated with the same analytical unit.
Rating Action: Moody's assigns Caa2 to Neiman's proposed senior secured term loan; second lien and third lien notes are both rated Ca. Global Credit Research- 20 May 2019. New York, May 20, 2019-- Moody's Investors Service today assigned a Caa2 rating to Neiman Marcus Group LTD LLC's proposed senior secured term loan and a Ca to its second lien notes and Ca to its third lien notes, which are to be issued to complete its distressed exchange.
Rating Action: Moody's affirms Caa3 CFR and Ca-PD PDR of Neiman Marcus; proposed Transaction Support Agreement constitutes a distressed exchange. Global Credit Research- 27 Mar 2019. New York, March 27, 2019-- Moody's Investors Service today stated that if the proposed Transaction Support Agreement relating to the term loan due 2020 and unsecured notes due 2021 announced by Neiman Marcus Group LTD LLC on 25 March 2019 proceeds as outlined, it will constitute a distressed...
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...
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