Daily News Record, March 17th, 1993
NEW YORK (FNS) -- Citing continuing concern over the ultimate success of the retailing operation of Sears, Roebuck, Standard & Poor's has cut the ratings on about $17 billion in long-term debt of Sears and affiliates to triple B plus from single A.
The rating agency, however, affirmed the A-2 commercial paper ratings of Sears and its credit subsidiarie...
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