Tuesday, May 21, 2019

David's Bridal downgraded months after emerging from bankruptcy

Retail Dive
S&P Global downgraded David's Bridal's credit rating into junk territory after the wedding apparel retailer's performance "remained significantly weaker than anticipated after emergence from bankruptcy," according to an S&P release emailed to Retail Dive. David's Bridal did not immediately respond to Retail Dive's request for comment.

Analysts with the ratings agency said that David's Bridal was at risk of failing to repay its debt "as we expect poor customer traffic will pressure operating performance and lead to added volatility.". . . more