By  on January 13, 2014

Sears Holdings Corp. endured body blows on the equity and credit fronts Friday following its report of a dismal holiday performance.

Moody’s Investors Service pushed the company’s credit rating deeper into speculative territory, downgrading its credit rating to “Caa1” from “B3,” and Sears’ shares hit a 52-week low in midday trading Friday before ending the day down 13.8 percent at $36.71.

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