By  on August 29, 2014

Standard & Poor’s Ratings Services Friday took a dim view of American Apparel Inc.’s chances of improving its operating performance and resolving questions about its senior management.

The ratings agency lowered its corporate credit rating on the Los Angeles-based vertical retailer to “CCC-minus” from “CCC” and its rating on the company’s $200 million in senior secured notes due in 2020 to “CC” from “CCC-minus.”

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