After reporting its worst quarterly sales drop in almost 15 years, RadioShack Corp. is as good as defaulted in the eyes of credit investors, according to Moody’s Corp.’s capital markets research group.
J.C. Penney Co.’s plan to fund its turnaround with cash from operations is in jeopardy as the department store chain’s biggest quarterly loss since 2004 boosts the chances it will need alternative sources of capital.
Macy’s Inc. is rewarding bondholders with the retail industry’s biggest returns as the most- profitable U.S. department store boosts sales in the face of what may be the weakest holiday shopping season since 2009.
Toys “R” Us Inc. is paying the highest yields among 16 issuers of CCC+ rated bonds as investors grow dubious the retailer with three years of falling profit will repay or refinance $2.85 billion of debt due through 2016.
Amazon.com Inc. raised $3 billion in the bond market after an absence of more than a decade as its planned headquarters purchase is pushing capital spending beyond the cash it generates for the first time since 2001.
Gap Inc. is poised to recapture an investment grade from both major ratings firms for the first time since 2006, credit derivatives show, as the biggest U.S. specialty apparel retailer posts its best sales in five years.