Standard & Poor’s Ratings Services on Wednesday lowered its corporate credit rating on BCBG Max Azria Group Inc., citing its “continued weak operating performance in the fourth quarter.”
The rating, previously “B-minus,” was lowered one tick to “CCC-plus.” Obligations in the CCC family are said to be “vulnerable to nonpayment and…dependent upon favorable business, financial and economic conditions.” CCC is the third level down from the line separating investment from speculative grade debt. BCBG’s outlook remained negative.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)