By  on March 13, 2014

Moody’s Investors Service Wednesday upgraded Dillard’s Inc.’s corporate family rating one notch to “Ba1,” the highest level below investment grade, from “Ba2.”

Moody’s also raised the Little Rock, Ark.-based department store retailer’s probably of default rating one notch to “Ba1” and its senior unsecured notes a tick to “Ba2” from “Ba3.”

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