NEW YORK — Fitch Ratings cut its outlook on J.C. Penney Co.’s debt to “negative” from “stable.”
However, the rating agency on Tuesday also affirmed its “BB-plus” label on the firm’s $1.5 billion secured bank facility, the “BB” mark on its senior unsecured notes and the “B-plus” grade on Penney’s convertible subordinated notes.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"