Monday, March 30, 2020

S&P downgrades TJX, Bed Bath & Beyond on weak post-COVID-19 economy

Retail Dive
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