Big Lots Inc. 'BBB' Rating Still On CreditWatch Negative - S&P Credit Research

Big Lots Inc. 'BBB' Rating Still On CreditWatch Negative

1033 words — Published May 20, 2011
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Abstract:

Unconfirmed media reports indicate that U.S. close-out retailer Big Lots may not be purchased by a group of private-equity firms. All of the company's ratings remain on CreditWatch with negative implications, where they were placed on Feb. 8, 2011. We expect to resolve the credit watch status within the next 30 to 60 days after assessing the company's future strategic plans, financial policy, and operating performance. CHICAGO (Standard&Poor's) May 20, 2011--Standard&Poor's Ratings Services said today that all of its ratings on Columbus, Ohio-based Big Lots Inc., including the 'BBB' corporate credit rating, remain on CreditWatch with negative implications. The ratings were placed on CreditWatch on Feb. 8, 2011 following unconfirmed reports that Big Lots could be

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Big Lots Inc. '###' Rating Still On CreditWatch Negative Publication date: 20-May-2011 Primary Credit Analyst: Jerry Phelan, Chicago (1) 312-233-7031; gerald_phelan@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
BLI
Issuer
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers
Country
Region
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MLA:
S&P Credit Research. "Big Lots Inc. 'BBB' Rating Still On CreditWatch Negative" May 20, 2011. Alacra Store. Sep 02, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Big-Lots-Inc-BBB-Rating-Still-On-CreditWatch-Negative-867828>
  
APA:
S&P Credit Research. (). Big Lots Inc. 'BBB' Rating Still On CreditWatch Negative May 20, 2011. New York, NY: Alacra Store. Retrieved Sep 02, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Big-Lots-Inc-BBB-Rating-Still-On-CreditWatch-Negative-867828>
  
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