Monday, April 13, 2020

Department stores are most at risk of default, S&P says

Retail Dive
Department stores as a sector have a 42.1% median probability of defaulting on their debt within a year, according to emailed research from S&P Global Market Intelligence.

The sector's default risk, as of April 7, is the highest among consumer companies. Retailers of food and household goods carry some of the lowest default risk, according to S&P. Calculations are based on fluctuations in the company's share price and other industry-related risks.. . . more