S&P Global Friday downgraded two more retailers amid ongoing disruption from the COVID-19 pandemic. Both off-pricer TJX and home goods company Bed Bath & Beyond garnered negative outlooks as analysts anticipate a weak economy and spending declines after the pandemic subsides.
S&P lowered all of Bed Bath & Beyond's ratings, including its issuer credit rating, to "B+" from "BB," according to an emailed press release.. . . more