By  on December 11, 2013

Moody’s Investors Service is keeping a close eye on Sears Holdings Corp.’s plan to spin off the Lands’ End business.

The debt watchdog took no immediate action, but said Tuesday the divestiture proposed last week could have “negative credit implications” for Sears. The retailer has a corporate family credit rating of “B3,” indicating that its debt is “subject to high credit risk.”

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