By  on December 20, 2013

The debt watchdogs are keeping a close eye on Sycamore Partners’ $2.2 billion deal to buy The Jones Group Inc.

Both Moody’s Investors Service and Standard & Poor’s put their ratings on Jones’ debt on review for possible downgrade, noting the buyout could load Jones down with additional debt and lead to changes at the company. Moody’s rates Jones at “Ba3,” while S&P scores the company at “BB-minus.” The ratings are each three steps into non-investment-grade or “junk” territory.

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