Thursday, December 19, 2019

L Brands downgraded as changing tastes present 'significant risk'

Retail Dive
Moody's downgraded L Brands and put the company on review for further downgrade, according to a Tuesday press release.

Analysts lowered the company's corporate family rating from Ba1 to Ba2, citing "continued negative comparable store sales and operating margin compression at Victoria's Secret," Moody's Vice President Christina Boni said in the release.. . . more