Moody’s Investors Service sharply cut its credit rating on J.C. Penney Co. Inc. Tuesday.
The debt watchdog downgraded the retailer’s corporate family credit rating three notches to “B3” from “Ba3.” The new rating is described as “subject to high credit risk” under Moody’s scale. The outlook is negative.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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