Moody's Investors Service (Moody's) has completed a periodic review of the ratings of Belk, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 7 February 2024 in which Moody's reassessed the appropriateness of the ratings in the ...
Moody's Investors Service ("Moody's") today downgraded Belk, Inc.'s ("Belk") ratings, including its corporate family rating ("CFR") to Caa3 from Caa2; probability of default rating ("PDR") to Caa3-PD from Caa2-PD, its first lien first out term loan ("FLFO") to Caa3 from Caa1 and first lien second o...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Belk, Inc.. Global Credit Research- 23 Feb 2022. New York, February 23, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Belk, Inc. and other ratings that are associated with the same analytical unit.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Belk, Inc.. Global Credit Research- 09 Apr 2021. New York, April 09, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Belk, Inc. and other ratings that are associated with the same analytical unit.
Rating Action: Moody's downgrades Belk's PDR to D-PD following Chapter 11 filing. Global Credit Research- 25 Feb 2021. New York, February 25, 2021-- Moody's Investors Service, today downgraded Belk, Inc.' s probability of default rating to D-PD from Ca-PD/ LD following the company's announcement of its voluntary prearranged Chapter 11 proceeding.
Announcement: Moody's appends Belk's Probability of Default rating of Ca-PD with LD designation. Global Credit Research- 04 Feb 2021. New York, February 04, 2021-- Moody's Investors Service, today appended Belk, Inc.' s probability of default rating of Ca-PD with the "/ LD" designation as a result of the company's missed amortization and interest payment on its term loan facilities which constitutes a default under Moody's definition.
Rating Action: Moody's downgrades Belk's CFR to Ca upon entering a Restructuring Support Agreement. Global Credit Research- 29 Jan 2021. New York, January 29, 2021-- Moody's Investors Service, today downgraded Belk, Inc.' s corporate family rating to Ca from Caa1 and its probability of default rating to Ca-PD from Caa1-PD.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Belk, Inc.. Global Credit Research- 24 Apr 2020. New York, April 24, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Belk, Inc. and other ratings that are associated with the same analytical unit.
Rating Action: Moody's downgrades Belk CFR to Caa1; outlook remains negative. Global Credit Research- 03 Apr 2020. New York, April 03, 2020-- Moody's Investors Service, today downgraded Belk, Inc.' s Corporate Family to Caa1 from B2 and its Probability of Default Rating to Caa1-PD from B2-PD.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Belk, Inc.. Global Credit Research- 12 Jun 2019. New York, June 12, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Belk, Inc. and other ratings that are associated with the same analytical unit.
Moody's Investors Service ("Moody's") today affirmed Belk, Inc.'s ("Belk") B2 Corporate Family and B2-PD Probability of Default Rating. Moody's also affirmed the company's senior secured first lien term loan at B2. The outlook has been changed to negative. "Belk ...
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