As if the recession, rock-bottom stock prices and a still-skittish banking sector weren’t enough, retailers with publicly held debt could find refinancing even harder next year as credit ratings continue to fall.
Standard & Poor’s said changes to the industry’s debt ratings would be “decidedly negative” again next year. Lower credit scores can make it harder and more expensive for companies to secure additional debt. Especially cash-strapped firms might find lenders entirely unwilling to extend them a financial lifeline if their credit ratings fall.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)