...As part of Fitch Ratings regular and continuo us review of issuer liquidity, this report provides an in-depth analysis of the liquidity of the retail and consumer products sectors. This review covers 41 companies across the retail and consumer products sectors outlined on page 2. Fitch s ratings and analysis of corporate liqu idity, particularly in the leveraged finance market, continues to be weighted more heavily toward internal sources of funds including cash holdings and cash generate d from operations. The credit crunch has continued to impact bank balance sheets and behavior thus affecting the ability of corporations that rely on bank debt to a ccess capital. Therefore, potential covenant violations and reliance on external sources of liquidity will continue to be important to ratings. Liquidity is of particular importance toda y for U.S. retail and consumer products companies given the expected prolonged weak sales environment as consumer s incomes, wealth and capacity...
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| Company(ies): | Alberto-Culver Company, AutoZone, Inc., Avon Products, Inc., Best Buy Company, Inc., Blockbuster, Inc., Burlington Coat Factory Warehouse Corp, Colgate-Palmolive Company, Constellation Brands, Inc., Costco Wholesale Corporation, CVS Caremark Corp, Dillard's, Inc., Fortune Brands, Inc., Hasbro, Inc., J. C. Penney Company, Inc., Kimberly-Clark Corporation, Kohl's Corporation, Levi Strauss & Company, Limited Brands, Inc., Lowe's Companies, Inc., Macy's, Inc.
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| Ticker(s): | ACV , AVP , AZO , BBI , BBY , BDK , BONT , CL , CLX , COST , CVS , DDS , FO , HAS , HD , JCP , JWN , KMB , KR , KSS
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