Press Releases

J.C. Penney Debt Default Remains a Possibility

November 13, 2015

According to an Aug. 14 report issued by Rapid Ratings International, a provider of quantitative analytics related to companies’ financial health, J.C. Penney is at high default risk with poor core health. Rapid Ratings said that weakness in its earnings and leverage position put the retailer in danger, despite adequate liquidity.

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