While the Number of Distressed Retailers Grows, Only a Handful Are at Risk of Near-Term Default
Some companies face the immediate prospect of needing to restructure
Nutritional supplements retailer GNC faces a debt maturity this week, and default is a possibility.
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Key insight:
While the major credit rating agencies have expanded their watch lists of retailers with a high probability of default, there are only a few companies in immediate danger following the bankruptcies of Neiman Marcus and J.Crew Group.
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